The New Orleans based label Threadhead Records raises funds for recording and releasing CDs, but te act in queation is required to pay the money back within a year. Apart from that, the act promises to remit an amount to one of the charities that supports music life in New Orleans.
That amount is ten per cent of the total amount raised, but the act pays that itself: it is not deducted from the money lent from fans.
Threadhead Records’ profile:
– THR has been in existence since May 2007
– Ten CD’s have been released to date, along with one book
– About eight more CD’s should be released by the 2010 Jazzfest, along with a DVD
project
– To date we have raised over $150,000 for these projects.
– Over 200 people from around the world have contributed to these projects (including some from Canada, England and Australia).
– We have also created the separate THR Foundation (a 501(c)(3) non-profit organization)
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