The College has instituted an Annual Award, dedicated to the loving memory of Most Rev. Hubert D’Rosario SDB, the late Archbishop of Shillong, who was the founder of the College. It is given to the final year B.Th. student for the overall Academic excellence, and it consists of a citation and a grant of Rs. 5001.00. The award was established in the Silver Jubilee Year of the College in 2004.
Under the patronage of Rev. Fr. Thomas Manjaly. Professor Emeritus of Oriens Theological Institute, another award named St. Jerome Award for Excellence in Biblical Studies has been instituted in May 2023. The Award shall consist of a citation and a grant of Rs. 5001 / – (Rupees five thousand and one only) and it shall be given to the one who has consistently excelled in all examination in Biblical Subjects besides meeting other criteria of the Institute.