According to the article at http://en.wikipedia.org/wiki/Royal_academy_of_music the RAM is still going strong and getting bigger and better all the time.
The Academy of Music was created in 1898.
Beethoven - he was rich anyway, so didn't need the money from his compositions so he composed for fun essentially, and people liked his music so didn't commission their own.
Fermatta Music Academy was created in 1993.
Delhi Music Academy was created in 2001.
Royal Academy of Music was created in 1822.
Academy of Contemporary Music was created in 1997.
Vancouver Academy of Music was created in 1969.
Sarajevo Music Academy was created in 1955.
Brooklyn Academy of Music was created in 1861.
Maritime Academy of Music was created in 1934.
Maritime Academy of Music ended in 1954.
Academy of Ancient Music was created in 1726.