- Bicentennial Medal (2020)
- Presidents Circle Laurel Pin (2018)
- IUAA President's Award (2007)
James N. Grandorf earned a bachelor's degree in accounting from Indiana University in 1963 and a master of business administration degree in 1964. He worked as an analyst and manager for Exxon Corp. for more than 30 years before joining the Kelley School of Business faculty.
Grandorf served two terms on the Kelley School of Business Alumni Association board and is a former member of the IUAA Executive Council. He is a life member of the association and a member of the Woodburn Guild board. Grandorf serves on the IUAA Audit Committee, where he advises on various financial policies. He also serves on the association's Dues Committee, where he has helped focus discussions around how the association's dues should enhance the IUAA's mission.
Grandorf served as the faculty adviser for three MBA classes that took on consulting projects for the IUAA. These classes conducted semester-long studies and made recommendations regarding the association's dues structure, online voting in the trustee election, and the I Association.
Grandorf has received the Mary Alice Gray Award for Extraordinary Service (2009) from United Way of Monroe County, the Kelley School of Business Panschar Teaching Award (2007), the IUAA President's Award for loyal and distinguished Service (2007), and the Kelley School of Business Service Award (2006). He is also the recipient of the Downtown Bloomington Economic Revitalization Award for many Kelley School of Business consulting projects for businesses and organizations in downtown Bloomington (2012).
Grandorf received the IU Bicentennial medal with his wife Joyce in September 2020 in recognition of their distinguished service to Indiana University.