The American Society of Composers, Authors, and Publishers, or ASCAP, is a performing rights organization founded in 1914. ASCAP collects and distributes royalties for the performance of licensed, copyrighted music. ASCAP currently has more than 280,000 composers, songwriter, and music publisher members, and is managed by a board of directors elected from the membership. It is the oldest of the three performing rights organizations officially recognized by the U.S. Copyright Act of 1976.