The evening, co-chaired by Philip J. Smith, Chairman and co-CEO of The Shubert Organization, and Robert E. Wankel, The Shubert Organization's President and co-CEO, will begin with a cocktail reception at 6:30 PM and a live show at 8 PM.

The entertainment, directed by Stephen Edlund and hosted by Jerry Zaks, is currently scheduled to feature Elizabeth Ashley, Candice Bergen, Norm Lewis, David Mamet, Kathleen Marshall, Michael Mayer, Pam MacKinnon, Chris Noth, Laura Osnes, Diane Paulus, Duncan Sheik, Daniel Sullivan, Frank Wildhorn, Michael Wilson and cast members of the 2009 production of Hair.

All proceeds will benefit the Ensemble Studio Theatre's new play production fund, including the 2013 Marathon of One Act Plays.

"All of us at EST are proud to be honoring two of Broadway's most illustrious producers, who have a record of producing many new plays and musicals that originated in not-for-profit theatres like ours." said William Carden, artistic director of the Ensemble Studio Theatre, in a statement. "Proceeds support EST’s own productions of new plays, which have increased markedly in the past five years with tremendous growth in box office revenue, greater recognition for EST artists, and a higher profile for our theatre. This tribute is fitting.”

Benefit host Zaks added, “Jeffrey Richards and Jerry Frankel are two of the most inspired and relentlessly dedicated producers in the theater today. I also happen to have great personal affection for them both. And so I am thrilled that my first professional home, the Ensemble Studio Theatre, has chosen to honor them.” SIR Stage 37 is located at 508 West 37th Street. Tickets are $500 and $1,000. For table, ticket and ad pricing, click here.