Red Hot Chili Peppers, Coachella 2013

Red Hot Chili Peppers, Coachella 2013

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Neil Young will perform at a benefit for the Silverlake Conservatory of Music that Red Hot Chili Peppers' Flea and Anthony Kiedis will host.

The organization announced Friday that the event will take place Oct. 30 in Silverlake, Calif. Red Hot Chili Peppers will also perform.

Flea founded the Silverlake Conservatory of Music in 2001. It facilitates music education and offers music lessons and scholarships.

The RHCP bassist says in a statement that he's "grateful" for all the help given to the organization. He adds that Young performing at the event "is the greatest blessing."

A silent auction will take place and will feature donations from Marc Jacobs, Tony Hawk, Pearl Jam, Gucci and others. The event costs $2,000 per guest, and a 10-seat table is $25,000.

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