Folk Alliance International has established The Village Fund, a grant program for folk artists and independent music industry professionals experiencing financial hardship.

As the COVID-19 pandemic ravages on, folk artists have been among the hardest hit since they make their living almost exclusively through touring.

FAI, which launched in 1989 to connect the folk music community, has committed $25,000 from its reserve and hopes to raise an additional $75,000 in public support for the fund in order to initially distribute 200 grants of $500, with plans to continually replenish the fund. The Village Fund will open applications in April for FAI members and those who have participated in FAI events over the past three years. Recipients will then be drawn by lottery.

To raise additional funds, the FAI will allow donors exclusive access to FolkUnlocked showcases, a virtual music festival taking place Feb. 22-26 with more than 800 hours of performances.

The lineup features a wide range of artists, including Los Lobos, Terrence Simien, Cedric Burnside, Sawyer Fredericks, Jim Lauderdale, Keb’Mo’, Flor de Toloache and the McCrary Sister. The suggested minimum donation, to be made here, is $20.

Like other organizations, the FAI’s annual conference, slated for February, has been canceled, but it will hold its annual International Folk Music Awards as part of FolkUnlocked’s four-day virtual gathering.

When Luis Fonsi performed “Despacito” during President Joe Biden and Vice President Kamala Harris’ inauguration special Celebrating America on Wednesday night, it was a full-circle moment. Back in September, the 2017 global smash hit became a political trending topic on Twitter after then-presidential candidate Biden whipped out his phone at a Hispanic Heritage Month celebration with Fonsi and Ricky Martin in Orlando and started playing “Despacito.”

“There you go,” Fonsi told Biden. “Dance a little bit, Joe!”

This time around, Fonsi’s “Despacito” wasn’t blasted from a cell phone: He joined DJ Cassidy’s “Pass the Mic: Inaugural Edition” to perform during the livestream, which also included fellow Puerto Rican hitmaker Ozuna’s “Taki Taki.”

“The Presidential Inaugural Committee called me over the holiday, out of the blue, to ask if I’d like to produce two ‘Pass the Mic’ segments for the televised inauguration,” DJ Cassidy tells Billboard. “They explained that because this inauguration would be different from all in the past, they wanted to connect Americans in an unprecedented way and celebrate the everyday heroes around the nation. So it made perfect sense, as I had created ‘Pass the Mic’ over the pandemic for that very reason — to celebrate my musical heroes in an effort to pay homage to the heroes on the frontlines of health, freedom and justice.”

Cassidy then reached out to Latin superstars Fonsi and Ozuna to ask if they wanted to be part of the special night.

“I immediately said yes,” Fonsi tells Billboard. “It was a true honor to be asked to be part of such a historic day, to sing in Spanish and to represent the Latino community,” adding, “I was told ‘Despacito’ is one of President Biden’s favorite songs and I’m glad I got to perform it along with DJ Cassidy.”

The upbeat celebratory set received praise on Twitter, with Cardi B and Chelsea Clinton agreeing it was a highlight of the night. “Very strong,” tweeted the “WAP” singer. “Oh my gosh! My kids are going to be so thrilled Luis Fonsi and ‘Despacito’ is part of tonight’s incredible celebration with DJ Cassidy,” Clinton shared.

DJ Cassidy kicked off his “Pass the Mic: Inaugural Edition” during the inauguration parade, featuring Earth Wind & Fire, Nile Rodgers and Kathy Sledge.

For his second segment, “I wanted to expand ‘Pass the Mic’ in both genre and era, and pass the mic to modern-day icons of Latin music. There are simply no present-day songs more iconic than ‘Despacito’ and ‘Taki Taki,’” Cassidy says. “I’ve played these records all over the globe, and I know first-hand their power in bringing people together to sing in unison, no matter your origin or language. I knew Luis and Ozuna would be the perfect artists to help me turn the inaugural primetime special into a true party.”

On Wednesday, Fonsi and Ozuna joined Lin-Manuel Miranda and Jennifer Lopez, who are both of Puerto Rican descent and were also featured throughout the inaugural events. During Celebrating America, Miranda recited “The Cure at Troy” by Seamus Heaney, while J.Lo performed a medley of “This Land Is Your Land” and “America the Beautiful” during Biden and Harris’ swearing-in ceremony.

Puerto Rican stars Ozuna and Luis Fonsi took the (virtual) stage to perform “Taki Taki” and “Despacito” at the Celebrating America primetime special Wednesday night (Jan. 20).

The pair’s set was part of DJ Cassidy’s “Pass the Mic: Inaugural Edition” series, which he kicked off earlier Wednesday during the inauguration parade featuring Earth, Wind & Fire, Nile Rogers, and Kathy Sledge.

Ozuna kicked off the DJ’s set with an exuberant performance of his hit song “Taki Taki” and then passed the mic to compatriot Fonsi, who, as expected, performed his anthemic smash hit “Despacito.”

Other artists that performed at the 90-minute inauguration special included Demi Lovato, Justin Timberlake, Bruce Springsteen and Jon Bon Jovi.

Tom Hanks hosted the primetime special that wrapped up President Joe Biden and Vice President Kamala Harris’ inauguration.

“This is a great nation. We’re good people,” President Biden said during the virtual event. “America built on decency and dignity, of love and healing, of possibilities. This is the story that inspires us and guides us. I will give my all to you.”

After President Biden was sworn in as the 46th president of the United States, the Puerto Rican singer posted on social media “cheers to a new beginning.”

The caption accompanied photos of him and the president at a Hispanic Heritage Month campaign event in Orlando last year and a photo of him and former President Barack Obama at a rally right before election day.

In case you missed it, look out for the performance below: