- His father founded Lerner Stores.
- Has won three Tony Awards, all in collaboration with Frederick Loewe: two in 1957 for "My Fair Lady," as Best Author (Musical) and for his book and lyrics as part of a Best Musical win; and one in 1974 for "Gigi" as Best Score, his lyrics with Loewe's music. He has been nominated three other times, always in collaboration with someone other than Loew. In 1963, as Best Composer and Lyricist in collaboration with Burton Lane for "On a Clear Day You Can See Forever;" in 1970, his book and lyrics with music by André Previn as parts of a Best Musical nomination for "Coco" and in 1979 for Best Score, his lyrics with Lane's music, for "Carmelina.".
- Famous for his affair with Jean Kennedy Smith right after the Kennedy "Camelot" years.
- Toward the end of his career, Lerner was the target of a federal lawsuit, sued by the government for $1.4 million in back taxes and penalties. A lien was placed on his songwriting royalties.
- Inducted into the Songwriters Hall of Fame in 1971.
- Cousin of actor/comedian Henry Morgan.
- Sued Billy Gray after he recorded Sid Kuller's satiric review of "My Fair Lady" called "My Fairfax Lady", which had enjoyed a five-year run at Gray's comedy club, the Band Box, from 1956 to 1961.
- Wrote songs together with Gerard Kenny.
- Frederick Loewe and his musical, "My Fair Lady", at the Marriott Theatre in Chicago, Illinois was nominated for a 1988 Joseph Jefferson Equity Award for Musical Production.
- Biography in: "The Scribner Encyclopedia of American Lives". Volume Two, 1986-1990, pages 525-527. New York: Charles Scribner's Sons, 1999.
- Frederick Loewe and his musical, "Brigadoon", at the Goodman Theatre in Chicago, Illinois was awarded the 2014 Joseph Jefferson Equity Award for Large Musical Production.
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