The Alfred P. Sloan Foundation will offer additional support to MTC's Broadway production of Constellations.
Tony winner Blythe Danner is among this year's honorees.
Full casting has also been announced for MTC's production of Frances Ya-Chu Cowhig's The World of Extreme Happiness.
The Sex and the City star looks back on her time playing opposite Blythe Danner in Amanda Peet's play about the fraught relationship between a mother and daughter.
The induction took place during a ceremony on January 27.
Inside the opening night after-party for the new off-Broadway play at Manhattan Theatre Club.
Lynne Meadow directs the upcoming Manhattan Theatre Club world premiere production.