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The Alice M. Ditson Fund was established at Columbia University in 1940 and is still active in its primary function of providing financial support to composers, performances, and recordings of contemporary American music. The fund also gives out the annual Ditson Conductor's Award, established in 1945, which honors conductors who have a distinguished record of championing American music. The collection includes files regarding the selection of this prize across several decades, as well as financial records, meeting minutes, applicant files, and subject files for the general Fund since its creation.