Between Rave on Buddy Holly and Red Hot + Rio 2, 2011 has brought some mighty fine compilation efforts. Now, Antiquiet points us to the record that just might take the cake. On July 19th, Greyday Records will release the second volume of Live From Nowhere Near You, a charity series put together by Kevin Moyer that seeks to benefit Outside In, a non-profit organization in Portland, OR focused on providing aid and counseling to homeless youth.

According to the label’s website, Moyer “went into his attic studio alone with an idea and emerged with an emotionally vibrant compilation full of life and found sounds. By collaborating street musicians with friends and music professionals, he tells a story of life on the streets and the roads leading to and from there.”

And what a story it should be, especially with Eddie Vedder, Josh Homme, Wilco’s Jeff Tweedy, Modest Mouse, The Strokes, The Shins’ James Mercer, Bright Eyes, The Decemberists’ Chris Funk and John Moen, and Sleater-Kinney’s Corin Tucker being among the musical heavy weights who lent their talents to the compilation. In all, Live From Nowhere Near You Vol II features over 200 minutes of mostly exclusive music spanning three discs.

Right now, you can head to Antiquet to hear a taste of the record in the form of a take on the Marvin Gaye classic “Mercy Mercy Me”, featuring Vedder, Homme, and The Strokes’ Julian Casablancas and Fabrizio Moretti. After that, head to Greyday Record’s website to peep the full list of contributing artists. You can also pre-order the compilation for just $15.