The Richard Rodgers Award is an annual award presented by the American Academy of Arts and Letters, and was created and endowed by Richard Rodgers in 1978 for the development of new works in musical theatre. These awards provide financial support for full productions, studio productions, and staged readings of new and developing works of musical theatre, and to nurture early-career composers, lyricists and playwrights by enabling their musicals to be produced by nonprofit theatres in New York City. The winners are selected by a jury of the American Academy of Arts and Letters. The Richard Rodgers Awards are the Academy's only awards for which applications are accepted.