The Shubert Foundation,
or the IRS as Theater Patron

Derek Miller
Harvard University

Arts Patronage in Modern America

27 June 2019

Lee Shubert

Sam Shubert

JJ Shubert

JJ and Lee Shubert

Consent Decree Headline

Lee Will Report

JJ Will Report

Schoenfeld and Jacobs

Private Letter Ruling

Total Assets

Organization Valuation

Land Valuation

Securities Valuation

Asset Groups as Percent of Assets

Distributions as Percent of Assets

IRS Calculated Distributions as Percent of Assets

Dividend from Shubert Organization

Distributions Over Time

CPI Distributions Over Time

Shubert vs. NEA

Year	# Grantees
1973	172
1979	123
1987	136
1996	238
2005	385
2016	506
2019	556

Distribution of Charitable Distributions

The Shubert Foundation,
or the IRS as Theater Patron

dmiller@fas.harvard.edu
scholar.harvard.edu/dmiller
visualizingbroadway.com
@DerekKMiller