The Thomas Wolfe Society (TWS) awards Citations of Merit for exceptional creative or scholarly work on Wolfe.

The TWS awards Distinguished Service Awards for exceptional service.

The TWS also awards the annual Zelda & Paul Gitlin Literary Prize to the author of the most outstanding scholarly article on Wolfe published during the preceding calendar year.

The Thomas Wolfe Student Essay Prize in Honor of Richard S. Kennedy is presented annually to the student, undergraduate or graduate, who submits the best essay on Wolfe.

Through the generosity of Adelaide Wisdom Benjamin, the TWS offers the William B. Wisdom Grants in Aid of Research. These are designed for travel and living expenses for scholars and students working in the William B. Wisdom Collection of Thomas Wolfe at Houghton Library, Harvard University. Consideration is also given to applicants using the Thomas Wolfe Collection at UNC: Chapel Hill. Candidates at work on PhD dissertations are especially encouraged.

Through the generosity of Betty A. Thompson, the TWS also offers the Aldo P. Magi Grants in Aid of Independent Research, for research projects on Wolfe that are undertaken without other support and without the prospect of royalties or revenue.