The CUE Studio Residency Program, suspended as of December 2008, afforded a diverse and underserved array of artists the opportunity to produce work in the heart of New York's vibrant Chelsea art district, and provided these artists with time and space to research, develop and produce ongoing or new bodies of work. Five artists per year were chosen for five separate 10 week residencies residencies, where they had unlimited access to a dedicated studio. Selected artists were encouraged to participate in the Foundation's educational program with middle and high school students. In this capacity, they assisted teachers with the classes existing art curriculum, as well as recommended projects to further the students' appreciation of art. In addition to the use of the space, every effort was made to introduce participants to prominent individuals in the artistic community to help them establish professional connections. Participants were also required to host at least one open studio session during their residency. They were strongly encouraged to be present for all events that took place at the Foundation, and maintained an open studio policy while working.

The studio is a 400 sq ft work-only space was located on the Foundation's lower level adjacent to staff offices. Successful applicants were required to provide their own accommodation. A stipend of $1,200 was granted to help offset costs associated with the residency. Access was 24 hours a day, 7 days a week. Studios were furnished with a desk and chair, ventilation, slop sink, shelving, small fridge and shared bathroom facilities.

Selection was by a panel of jurors chosen by the Foundation that rotated annually.