With the money received from a libel lawsuit against the National Enquirer (which had inaccurately published that Hoffman and Katz were lovers), the foundation awards an annual prize of US$45,000 to the author of an unproduced play.
S novcem kojeg su dobili nakon uspješne tužbe protiv časopisa National Enquirer (koji je netočno objavio "vijest" da su Hoffman i Katz ljubavnici), zaklada svake godine nagrađuje autora neproduciranog kazališnog komada s 45 tisuća dolara.