# The Shubert Foundation

The Shubert Foundation is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 234 West 44th Street, New York, New York, United States
- **Founded:** 1945
- **Assets under management:** 746 (Altss estimate)
- **Website:** shubertfoundation.org

## Regulatory record

- **Reports private funds:** No

## About

The Shubert Foundation was established in 1945 by Lee and J.J. Shubert in memory of their brother Sam S. Shubert. Its mandate centers on sustaining live theatre and dance through unrestricted grants to nonprofit organizations across the United States. The foundation deploys capital primarily as annual grants rather than through fund commitments or direct equity investments. Its asset base includes ownership of 17 Broadway theatres held via The Shubert Organization, Inc., plus the Shubert Archive of production records and memorabilia. Confirmed public equity positions include holdings in Intuit Inc. and Invitation Homes Inc. reported in 2022 tax filings. Geographic focus remains domestic, with grants distributed to companies in New York, Chicago, Washington D.C., and additional U.S. cities. The foundation reports 40 million dollars in annual giving. It maintains no additional offices beyond its New York headquarters. Adjacent vehicles include The Shubert Organization operating company and the Shubert Archive. March 2025: The foundation sponsored the High School Theatre Festival at the Shubert Theatre for New York City public school students. The foundation operates under a perpetual grant-making mandate tied directly to the Shubert family theatre assets, with board overlap between the foundation and The Shubert Organization ensuring alignment between asset ownership and distribution decisions.

## Sectors

- Theatre
- Performing Arts
- Arts Funding

## People

- Robert E. Wankel — Chairman and CEO of The Shubert Organization and Chairman of The Shubert Foundation
- Diana Phillips — President of The Shubert Foundation and Board Member of The Shubert Organization
- Wyche Fowler, Jr. — Board Member of both the Foundation and the Organization
- Richard J. Poccia — Board Member and Audit Committee member

## Questions

### Who runs investment decisions at The Shubert Foundation?

Robert E. Wankel serves as Chairman. Diana Phillips serves as President. The board includes Wyche Fowler, Jr. and Richard J. Poccia.

### How does The Shubert Foundation source proprietary deal flow?

The foundation does not pursue investment deal flow. It receives grant applications from nonprofit theatres and dance companies and selects recipients based on its annual review process.

### Does The Shubert Foundation participate in fund commitments or only direct deals?

The foundation makes only direct grants to nonprofit organizations. It does not commit capital to external funds or pursue co-investments.

### What investment stages does The Shubert Foundation typically target?

The foundation does not target investment stages. Its activity consists of annual unrestricted grants to established nonprofit theatres and dance companies.

## Related profiles

- [Flowstone Partners](https://altss.com/profile/flowstone-partners)
- [Wessex Water Pension Fund](https://altss.com/profile/wessex-water-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/the-shubert-foundation-inc

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