20 stage and film artists will receive $5,000 each through the new program.
The award celebrates female composers and comes with a $10,000 grant.
The program is being expanded this year in response to the ongoing pandemic.
Kirya Traber and Estefanía Fadul will receive financial and administrative support to development new works as part of the residency program.
The 2020 Powerhouse Theater season will be suspended this summer due to the coronavirus.
The season will feature readings of works by Majkin Holmquist, Jessica Huang, and Keelay Gipson.
The 35th summer season at Vassar & New York Stage and Film’s Powerhouse Theater marked the end of an era and the beginning of a new one.
On the slate are new works from Harrison David Rivers and Beth Henley.
Currently the head of new-works incubator New York Stage and Film, Pfaelzer will succeed longtime a.d. Tony Taccone.
New musicals slated for the summer season include one by Jason Robert Brown and Jonathan Marc Sherman, and one by Duncan Sheik, Steven Sater, and Jessie Nelson.