The Gatsby Charitable Foundation is gifting £6m to the Royal Academy of Music, the single biggest donation in the institution's 200-year history.
The money will fund the Gatbsy Chair of Musical Theatre, the first fully-funded endowed chair at any UK conservatoire.
Two further anonymous donations are funding the Dame Myra Hess Chair of Piano and the William Lawes Chair of Chamber Music.
The three endowed chairs boost the launch of the Academy’s bicentenary campaign, which aims to raise £60m to invest into facilities, staff retention and funding future musicians.
Academy Principal Jonathan Freeman-Attwood said the donations are “a truly wonderful start” to the bicentenary.
“The Academy’s bicentenary affords us the opportunity to future-proof the values which have defined our work since 1822 while offering a transformational set of opportunities for talent to thrive, regardless of background.”