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Organizational Bankruptcy: IAJE Folds
by Philip L. Copeland (May 13, 2008 10:23 AM) A Cappella News tipped me off that the International Association of Jazz Educators filed for bankruptcy. I've never heard of this happening with a music organization . . . it makes me think that musicians should take care to support the organizations that provide structure for their art.
Jazz News has the letter from IAJE president Chuck Owen.
Snips from the letter:
Dear IAJE Family,
It is with a great sense of loss that I inform you that despite drastic efforts to cut expenses and raise emergency funds, the IAJE Board has voted to file for bankruptcy under Chapter 7 of the Federal Bankruptcy Law.
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Since the first communication to the membership outlining this crisis, there has been considerable public speculation as to its causes. As noted in that communication, years of dependence upon the conference as a primary (but unreliable) revenue stream and the launch of a well-intentioned capital campaign (the Campaign for Jazz), which generated a meager response but required considerable expenditures in advance of contributions, drove the association into insolvency. Sadly, the attendance at the conference in Toronto (the lowest in 10 years) exacerbated an already critical situation, depriving the association of the cash-flow needed to continue daily operations as well as the time needed to seek alternative resources.
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