- Kelley School of Business Academy of Alumni Fellows (1975)
- Honorary Degree (1966)
- Doctor of Laws
- School of Business Building dedication
- Bloomington, Indiana
- Presenter: Elvis Jacob Stahr, Jr.
- Distinguished Alumni Service Award (1953)
J. Dwight Peterson earned his undergraduate degree in economics. During his career, he was a director of several companies, including Central Newspapers and City Securities Corp. in Indianapolis. He was an IU trustee and a director of the IU Foundation. He died in 1990.