NEW YORK — Veteran Broadway producer David Merrick’s nonprofit foundation is being reorganized to put a new emphasis on the development of American musicals, a theatrical form with which Merrick has long been associated.
The new structure of the foundation will be three-tiered, with the David Merrick & Natalie Lloyd Foundation, a public charity, as the parent of two nonprofit arms: the David Merrick Arts Foundation, which will be a production unit; and the New American Musical Inc., whose funds will be used for development of musical projects for the stage and other media. The latter arm will host competitions that will give cash awards and development commitments to winning projects.
“It’s been my experience that drama succeeds in the nonprofit environment, and I believe it’s now time to give the same opportunity, on an ongoing basis, to musicals,” Merrick said in a statement.
David Merrick Prizes at Juilliard, consisting of working stipends and scholarships and first given last year, will also continue annually.
Merrick, Lloyd, Samuel Liff and Zack Manna comprise the foundations’ board of directors.