Concord has reinforced its financial commitment to Stax Music Academy (SMA) in Memphis after investing more than $1.3 million in music education over the past five years.
In 2021, Concord – which owns Stax Records – pledged $1m over five years to provide scholarships and financial support to students in under-resourced communities.
Through the partnership, the independent music company has funded 100 scholarships for SMA students, expanding access to music education, mentorship and performance opportunities., with the Academy reporting a 100% college acceptance rate.
We have pledged an additional year of support because we believe strongly in the Academy’s mission and in the students who bring it to life
Bob Valentine, Concord
As of January 2026, contributions have exceeded $1.3m, and Concord has now pledged to extend its support for another year.
“Reaching this five-year milestone with Stax Music Academy is deeply meaningful to all of us at Concord,” said Bob Valentine, CEO of Concord. “This commitment began under the leadership of Concord’s board chairman Steve Smith, and we are proud to continue building on the vision he set in motion to invest in the next generation of artists and creatives.
"As we look ahead, we have pledged an additional year of support because we believe strongly in the Academy’s mission and in the students who bring it to life. These students represent the future of music, and supporting their education and creativity is one of the most important commitments we can make.”
Concord’s support has opened doors for our students that would not have been possible otherwise
Deanie Parker, Soulsville Foundation
The link-up has also connecting students with industry professionals, with Concord staff, artists and songwriters including Noah Goldstein and Varren Wade regularly participating in online masterclasses and in-person workshops.
Alumni have gone on to work across the music industry, and on tours with major artists, while others have built careers in fields such as healthcare and education.
“Concord’s support has opened doors for our students that would not have been possible otherwise,” said Deanie Parker, founding CEO of the Soulsville Foundation and former Stax Records artist, songwriter and employee. "Their investment is not just financial; it’s personal, consistent and rooted in belief."
