The Award has presented by the Carol Tambor Theatrical Foundation since 2004.
[1] All productions which receive a four or five star review in The Scotsman newspaper and have not previously been presented in New York City are eligible for the prize.
The winner receives a four-week run at an Off-Broadway Theater in New York, all expenses paid, including: visa expenses; transportation for cast, crew and props; hotel for cast and crew; per diems; guaranteed stipend; and net box office receipts.
[1] The run in New York coincides with the Association of Performing Arts Presenters convention each January for additional exposure and opportunity for transfers to other theaters.
The Foundation takes no commercial interest in the future of the production.