FUND'S MAIN ANNUAL DISTRIBUTION FOR 2025 IS $10,150,000
08/01/2025, V. Robert DiPaola - Fund Administrator,
(Below is a copy of this year's main annual distribution letter, which contains details related to the distribution and other information about the Fund.)
August 1, 2025
Dear Participating Musician:
We are pleased to enclose a check for your portion of the distribution from the Sound Recording Special Payments Fund (“Fund”) for the fiscal year ended April 30, 2025. Also enclosed, for your reference, is a statement of your reported scale wages, if any, for calendar year 2024. Please note, the check is only valid for ninety days from the issuance date, so you must cash or deposit it by October 29, 2025.
This year we are delighted to report that the total distribution has increased for the fourth consecutive year: the $10,150,000 distribution is about 5% greater than last year. The increase is attributed to higher contributions on streamed sound recordings and physical sales.
We’re proud to announce that we have now launched our go-paperless initiative. This new feature gives participants the ability to receive important documents (e.g. distribution voucher, scale wage statement, tax statements) electronically. If we have your email address, you can expect to receive an email from us with instructions on how to elect go-paperless. Otherwise, please see the Fund’s July 3, 2025 News Room article on our website for instructions.
As always, I encourage you to visit the Fund’s website, where registered participants can update their address, designate beneficiaries, submit direct deposit account information (U.S. banks only) and now go-paperless. The website also remains the best place to get important information about the Fund and answers to your frequently asked questions.
Please also be sure to visit our “Do We Have Money For You?” webpage. There, you can search for your or your fellow musicians’ names to find out if you, or they, have unclaimed payments from any of the Fund’s three distributions (Main-annual, Traditional Music Video and Sampling).
Warmest regards,
V. Robert DiPaola
V. Robert DiPaola
Fund Administrator
i Below is a summary comparison of financial information related to the annual distributions for the fiscal years ended April 30, 2025 and 2024:
| 2025 | 2024 | ||
| Contributions | $ 12,635,000 | $ 11,408,000 | |
| Compliance audit collections | 319,000 | 661,000 | |
| Interest and investment income | 444,000 | 651,000 | |
| Unclaimed distributions | 157,000 | 84,000 | |
| Total | 13,555,000 | 12,804,000 | |
| | | | |
| General and administrative expenses | 1,811,000 | 1,787,000 | |
| Employer share of payroll taxes | 1,163,000 | 1,072,000 | |
| Reserves for capital expenditures | 431,000 | 235,000 | |
| Total | 3,405,000 | 3,094,000 | |
| Total distribution | $ 10,150,000 | $ 9,710,000 | |
| | | | |
| Total participants | 12,300 | 12,700 |