The Arthur Ross Awards in celebration of the classical tradition, which is held each year on the first Monday of May, has become a very successful special event for ICAA friends, members, and supporters. A fund-raiser to further the educational mission of the Institute, the Arthur Ross Awards gala serves to honor those working in the classical tradition, and brings together our community for a festive spring event. Simultaneously, it eponymously celebrates the enduring example of our late Honorary Chairman.

The Southeast Chapter of the ICAA also presents The Shutze Awards in mid-winter each year to recognize excellence among regional practitioners in several categories.

The Bulfinch Awards, presented by the New England Chapter of the ICAA in late November of each year, recognize excellence in New England Classical and Traditional Design.

In 2011, the Texas Chapter of the ICAA presented the inaugural John Staub Awards program for designers and craftspeople based in Texas.

The ICAA is pleased to offer two bi-annual prizes, the Rieger Graham Prize for architecture and the Alma Schapiro Prize for fine artists. The prizes alternate years and grant the recipient a three-month Fellowship at the American Academy in Rome, the premier overseas center for independent study and research in the fine arts and humanities. The prizes are limited to United States citizens. The purpose of both prizes is to advance the career of the architect or artist recipient and to foster the continuity of knowledge of the classical tradition as a vital aspect of contemporary culture around the globe.