He also reported that the Foundation had experienced record levels of demand in 2019, after receiving more than 4,800 applications which translates into a 20 percent increase.
The announcement follows an eventful year for PRS Foundation, as Frankland succeeded Vanessa Reed after her 11-year tenure, and 2020 looks no less exciting as the charity celebrates it 20th anniversary.
Frankland also took the opportunity to thank PRS for Music, who founded PRS Foundation and remain its leading funder.
He said: ‘Throughout 2020 we’ll be celebrating our unique relationship with PRS for Music who set up the Foundation in 2000. Thanks to their massive commitment to new music, we have been able to give out more than £35m to over 7,300 initiatives.’
In the statement he further reflected on the organisation’s achievements last year, which included:
-- 7 out of 12 Mercury Music Prize nominees being #FundedByPRSF (including winner, Dave)
-- grantees being selected for Album of the Year prizes in Scotland, Wales and Northern Ireland
-- chart success and critical acclaim for grantee releases and performances, including for our own New Music Biennial festival
-- the launch of new funds including Hitmaker, new partnerships with AWAL and Music Venue Trust, and launching phase 2 of global gender equality initiative, Keychange
The chief executive’s message also touched on what the UK's leading charitable funder of new music and talent development. has in store for the 2020 celebrations.
Frankland revealed: ‘During our 20th anniversary year we’ll be badging 20 funded events and partnerships, including S?n Festival, The Lost Words ‘Spell Songs’ and Rambert’s ‘Aisha and Abhayato’ to shine a light on great funded projects which epitomise our support for outstanding music and talent development. We’re commissioning our first 360° evaluation report to demonstrate the economic, social and cultural impact of our support. And we’ll be announcing other events and activities as the year progresses.’
To read Joe Frankland’s New Year message in full, please visit prsfoundation.com.