The principal goal of The Shubert Foundation is to support not-for-profit, professional theatre and dance companies in the United States. The program areas of Arts Related Organizations and Education are smaller than those of Theatre and Dance and necessarily limited. The Shubert Foundation awards unrestricted grants for general operating support, rather than funding for specific projects. These grants are awarded exclusively to US organizations, which must have current 501(c)(3) tax-exempt status in order to be eligible for funding.
The Foundation provides grants only to organizations that have an established artistic and administrative track record, as well as a history of fiscal responsibility. The Foundation does not make grants to individuals, nor does it provide funds for project support, audience development, direct subsidy of reduced-price admissions, conduit organizations (agencies that disburse funds to individuals or other organizations), renovation projects, loans, capital or endowment campaigns.