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The Mockingbird Foundation is a non-profit organization founded by Phish fans in 1996 to generate charitable proceeds from the Phish community.
And since we're entirely volunteer – with no office, salaries, or paid staff – administrative costs are less than 2% of revenues! So far, we've distributed over $2 million to support music education for children – hundreds of grants in all 50 states, with more on the way.
I’m honestly shocked I’m telling YOU this, but at some point in 3.0 (I think), it was finally learned that although The Mustangs’ version of Ya Mar is how Mike discovered the song and brought it to the band, those royalty checks you mentioned are going to a Cyril Ferguson. If you go to the history page, the original is embedded.