In 2015, the friends, family and students of Usama al-Khalidi established an Endowed Award at the American University of Beirut in his name in order to honour his contribution to science, education, art and society and to ensure that his legacy lives on.

The “Usama al-Khalidi Endowed Award” will be given every year to an outstanding AUB student who exemplifies Usama's spirit and his love for learning as well as his commitment to helping others.  The award, which will include a cash stipend of $1,000 USD, will be awarded to an outstanding senior student majoring in Biology, who has demonstrated academic excellence, commitment to community service, and a passion for the arts.

The inaugural award was presented in May 2015 at a special awards ceremony.  With the generous support of family and friends all around the world, starting from 2016, two awards will be distributed every year.