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The Shubert Foundation, Inc. was established in 1945 by Lee and J.J. Shubert. It is dedicated to sustaining and advancing the live performing arts in the United States, with a particular emphasis on theatre and a secondary focus on dance. The Foundation's Board of Directors believes that the most effective way to encourage the artistic process is by providing the general operating support that reinforces the structure that nurtures its development. Accordingly, The Foundation does not earmark its awards; all allocations are unrestricted.

The Foundation does also offer a limited number of awards to help support the growth and advancement of some general arts-related organizations. In addition, The Shubert Archive, a research repository of more than six million theatrical documents and related items, operates under the aegis of the Shubert Foundation.

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