Jerry Moss their new-found company A&M Records. After the A&M label was purchased by PolyGram, the two men went on to form Almo Sounds in 1994, a new record label which continues to operate. Moss and Herb Alpert were inducted into the Rock and Roll Hall of Fame in 2006 as nonperformers. Jerry Moss and his wife, Ann, are also longtime horse breeders and owners who received the largest ever first-place purse from the Kentucky Derby in 2005 after the victory of the first horse he had ever entered in that race, Giacomo. In 2004, Moss was appointed to the California Horse
Herb Alpert for the culture jamming activists The Yes Men. In 2012, the Foundation gave a grant of more than $5 million to the Harlem School of the Arts, which allowed the school to retire its debt, restore its endowment, and create a scholarship program for needy students; in 2013, the school's building was renamed the Herb Alpert Center. In 2016, his foundation also made a $10.1 million donation to Los Angeles City College that will provide all music majors at the school with a tuition-free education, beginning in fall of 2017. This was the largest gift to an individual community college