Scheuer, a successful investor, served on the boards of Carnegie Hall and the Paul Taylor Dance Company, and helped to found Symphony Space, a converted movie theater on Manhattan's Upper West Side that hosts music, dance, and other performances.
In 1979, Scheuer provided funding for Murray Lerner to film violinist Isaac Stern as he traveled through China at the invitation of the Chinese government, performing, teaching, and meeting musicians. The resulting film was critically acclaimed, winning the 1981 Academy Award for best documentary.
Subsequently, Scheur produced the documentaries High Fidelity: The Guarneri String Quartet; The Turandot Project, which followed the progress of director Zhang Yimou's massive outdoor production of the opera; and Small Wonders, about Opus 118 Music Center, the violin program founded by Roberta Guaspari in East Harlem. Later, he was a producer of Music of the Heart, a feature film about Opus 118, with Meryl Streep as Guaspari.