The peermusic Latin Award is an annual competition open to student songwriters and composers of Latin music. One of the few distinctions of its kind, the award was established in 2003 through the generosity and vision of peermusic CEO, Ralph Peer II. For over a decade, the program has nurtured promising musicians who have gone on to distinguish themselves in the fields of television, film, recorded music, and concert performance. Platinum artist and BMI songwriter Gloria Trevi serves as honorary spokesperson for the competition. A $5,000 scholarship is presented annually for the best original song or instrumental composition in any Latin genre.