- IUPUI Spirit of Philanthropy Award (2005)
- School of Nursing Special Recognition Award (1996)
Mary Jane Shepherd is a benefactor of IU School of Nursing, having donated over $10,000 to the Learning Resource Center with her husband, Vernon. The Shepherds also established a scholarship in their name for nursing students over the age of 30 in the BSN program. She received the Special Recognition Award in 1996.