In 1995, for lack of funds, the full Telemann Chamber Orchestra was wound up, but the Baroque Ensemble continued, playing on historical instruments, and took over the name of the Telemann Chamber Orchestra.
The former monastic buildings, now accommodating both the Foundation (Stiftung) and the Sachsen-Anhalt Music Academy (Landesmusikakademie Sachsen-Anhalt), host various musical events, particularly the series of concerts known as the Michaelsteiner Klosterkonzerte, often featuring the Michaelstein Chamber Choir (Kammerchor Michaelstein) and the Telemanisches Collegium Michaelstein Orchestra.