- IU Kokomo Distinguished Service Award (2000)
- Gertrude Rich Award (1997)
- College of Arts and Sciences Distinguished Alumni Award (1978)
Wilma Lippert Kelley was married to E.W. "Ed" Kelley (1917-2003), the businessman and philanthropist for which Indiana University's Kelley School of Business is named for. As a fellow IU alum (B.A., 1937; M.A., 1940), Kelley is a strong supporter of the university and a leader amongst its alumni, having won the College of Arts & Sciences Distinguished Alumni Award in 1978 and the Gertrude Rich Award in 1997.