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The National Alliance for Musical Theater has established a fund for the development of new tuners, aiming to award grants once a year for projects in various stages of development.

Announced during NAMT’s 20th annual fest of new musicals (which wrapped its two-day Gotham showcase Tuesday), the National Fund for New Musicals currently totals $100,000, with up to a third of it to be handed out in its first year. Org plans to continue to add to the fund in the future.

Recipients, selected from NAMT’s membership of nonprofit theaters, will be awarded grants in one of three categories.

Coin for an early collaboration, up to $3,000, will back a scribe residency at a theater that would yield a draft of a new tuner and a few songs.

Up to $6,000 will go to support a workshop or reading of a developing project, and a production grant of between $10,000 and $20,000 will help fund a full production of a new musical at one or more theaters.

First group of grant recipients, drawn from a pool of applications to be solicited next month, will be announced in April.

Gigi Bolt, the National Endowment for the Arts’ former director of theater and musical theater, consulted on the creation of the fund, and will administer the panel review process for the first group of applications.

Initial contributors to the fund include Stacey Mindich, the Shen Family Foundation, the Mackintosh Foundation, Dallas Summer Musicals, Theater Under the Stars, Broadway Across America, Charlie Fink, Dominic Chianese and the Lake Co.

The lineup for the 2008 NAMT fest included Wendy Wasserstein and Cy Coleman’s “Pamela’s First Musical” and “Beatsville,” based on a Roger Corman pic. “The Drowsy Chaperone” and “Thoroughly Modern Millie” are among prior alums of the annual industry showcase.