The BMI Foundation, Inc. is a non-profit organization founded in 1985 by executives of Broadcast Music Incorporated for the purpose of "encouraging the creation, performance and study of music through awards, scholarships, internships, grants, and commissions." Additionally, the Foundation makes grants annually to other not-for-profit musical organizations. The organization is currently headed by Ralph N. Jackson who serves as the President.
Awards programs include:
BMI Student Composer Awards for Classical Compositions