Lee will step down from his teaching role at Yale later this year.
The season will feature a lineup of six productions paired with readings and talkbacks.
The company plans a new mainstage theatre complex for its current Eden Park home.
The theatres will receive grants for diversity and inclusion efforts.
K-12 schools nationwide will receive grants up to $100,000 from the American Theatre Wing.
The Philadelphia-based organization will present readings of new works by Mickey Fisher and Kara Lee Corthron.
The lineup will include works by Theresa Rebeck, Tony Braithwaite, Michael Hollinger, and Jennifer Childs.
The Philly theatre will mount new plays set in the past, including ‘Red Velvet’ by Lolita Chakrabarti, and the world premiere of ‘The Craftsman’ by Bruce Graham.
Theatre artists Michael R. Jackson, Grace McLean, and Ben West will be recognized in a ceremony next month.
The season will include two world premiere musicals, including Stephen Schwartz’s ‘The Prince of Egypt.’