The Musicians Club of New York exists for the enrichment of the general public through the promotion of high-level classical music. It is guided by its Members, who pay tax-deductible dues and donations in support of the Club's endeavors:
Each season from the fall through March, the Musicians Club sponsors a free, open-to-the-public concert series, followed by the Serge & Olga Koussevitzky Young Artists Awards with its free, open-to-the-public Finals Concert in April, concluding with the Joseph H. Conlin Benefit Gala in May.
In April, the Musicians Club of New York holds a Competition for young artists. The categories – Voice, Piano, Strings, and Winds/Brass – are rotated annually. Contestants must be between the ages of 18-30, except voice competitions, which are age 18-35. Cash prizes and concert performances are awarded to the First, Second and Third Prize winners, selected by Juries of prominent musicians.
The Musicians Club of New York actively promotes worldwide orchestral performances of contemporary composers. The KIRA was originally created and funded by Olga Koussevitzky in 1963 to honor of her late husband's great desire to encourage recording companies to support modern symphonic composers. Upon her death in 1978, the award was officially renamed the Serge & Olga Koussevitzky International Recording Award. In 1979, the Koussevitzky Foundation chose the Musicians Club of New York to administer the American International Music Fund, Inc., originally funded by Serge Koussevitzky for the same basic purpose. This fund from the Koussevitzky Foundation has extended the life of the Serge & Olga Koussevitzky International Recording Award to this day.