The Country Music Hall of Fame and Museum has advised that they have established the Precious Jewel Fund. This fund has been established to raise $1.1M to help offset the costs of acquiringÂ instruments originally belonging to Maybelle Carter, Johnny Cash and Bill Monroe.
The fund raising initiative was established following approval of a $750,000 settlement with the Robert W. McLean estate in the United States Bankruptcy Court for the Middle District of Tennessee last week.
The Precious Jewel Fund launches with leadership gifts including a $150,000 donation from Scott Siman of Nashville-based RPM Management and a $300,000 gift from the Academy of Country Music headquartered in Los Angeles.
Read the full story on the Country Music Hall of Fame Website