The Folksbiene has been awarded the following awards:
2007 Special Achievement Drama Desk Award for preserving for 92 consecutive seasons the cultural legacy of Yiddish-speaking theatre in America.
- 2010 Drama Desk Nomination Outstanding Solo Performance for Theodore Bikel in SHOLEM ALEICHEM: LAUGHTER THREOUGH TEARS
- 2006-2007 Drama Desk Nomination Outstanding Revival of a Musical for DI YAM GAZLONIM
- 2005-2006 Drama Desk Nomination Outstanding Revival of a Musical for "ON SECOND AVENUE" and "THE PIRATES OF PENZANCE" in Yiddish respectively
- 2005-2006 Drama Desk Nomination Best Actor of a Musical for Mike Burstyn in "ON SECOND AVENUE"
- 2004-2005 Drama Desk Nomination Outstanding Revival of a Musical for ON SECOND AVENUE
- 1999 Obie Award for Mina Bern for Sustained Excellence, a response to her work in The Folksbiene's production of "SWEET DREAMS".