The award honors an Equity member "who has performed a unique and outstanding service on behalf of his or her fellow members and whose quality of service, ideas and contribution has set him or her apart from others; someone who truly perpetuates the legacy inherited from Philip Loeb."
The award celebrates an Equity member "who has rendered a singular and outstanding contribution on behalf of fellow members and whose work, insights, and influence have set them apart; someone who diligently upholds the legacy bequeathed by Philip Loeb."