Randall's widow, Heather Randall, administers the fund, which recognizes the work of "passionate, resourceful theater companies," by spreading thousands of dollars in financial support among several theatre companies.

In prior years, the $100,000 Randall grant was awarded annually to one non-profit theatre company that focused on classic or classic-inspired work; however, the organization has now spread the financing to a handful of innovative institutions.

BAM and the Tectonic Theatre Project are receiving funding for a 2013 production of The Laramie Project; while LCT3 is recognized for offering new works at only $20 to audiences; and Elevator Repair Service is receiving its third operating support grant in four years.

Also recognized are the Bronx community-focused organization Pregones Theater; Off-Broadway's classical company the Red Bull Theatre; Off-Broadway's Playwrights Horizons; the Austin, TX, theatre ensemble Rude Mechs; and the Actors' Gang Prison Project, which brings theatre to correctional facilities.

Randall's widow created the fund when Randall passed away in 2004. The National Actors Theatre, which Tony Randall founded in 1991, presented over 20 productions of classical works on Broadway and Off-Broadway. For further information on the Tony Randall Theatrical Fund, visit TonyRandallTheatricalFund.