- Presidents Circle Laurel Pin (2016)
- IUPUI Spirit of Philanthropy Award (2015)
Dr. Richard Billings and his wife, Diane, have been benefactors of IU for over 40 years. Their first gift was the establishment of the Gerry Jacobsen Award, to honor the wife of Richard's partner in veterinary practice. They have continued this commitment through gifts to the Emily Holmquist Lectureship, the Schweer Continuing Education Lectures, the McBride Professorship and the Bepko Scholars and Fellows Program. Their gifts to the Richard and Diane Billings Faculty Award for Scholarship in Teaching support best practices in teaching.