- IUPUI Maynard K. Hine Medal (2011)
- IUAA President's Award (2004)
Diane Spaulding is a charter member of the IUPUI Alumni Council, and served as an officer and board member of the Indianapolis Women’s Club and the club’s successor, the Central Indiana Chapter of the IU Alumni Association. Spaulding has volunteered with IUPUI’s Good Friends Tutoring Program for 18 years. She also served as chair of the IUPUI Women’s Colloquium and as a board member of the Friends of Women’s Studies.
Spaulding sits on the board of directors for Indiana Donated Dental Services and serves as chairperson of the Hillcrest Guardian Angels-a group that solicits donations for, and regularly sends care packages to, military personnel serving in Iraq, Afghanistan and other middle-east locations. For 12 years, she also served on the Ruth Lilly Health Education Center board of directors.