Prizes are accorded to undergraduate brothers to attend leadership and career enhancing programs or conferences as well as recognizing an individual for academic or chapter recognition/accomplishment. Funding these programs were created through Brother Virgil Boucher bequest to the Sigma Phi Epsilon Alumni Association Endowment at Monmouth College.

Virgil Boucher Leadership Training Prizes
Awarded annually to accord undergraduate Brothers of Illinois Gamma to attend leadership and career enhancement opportunities directed to the development of the individual.  These opportunities shall include Sigma Phi Epsilon's EDGE, Carlson Leadership Academy, Grand Chapter Conclave, as well as leadership training and career enhancement programs

Academic Excellence Prize
Awarded to returning Brothers with GPA's of 3.15 or higher earned at Monmouth College for the previous semester.
Virgil Boucher Brother Mentor Prize
Awarded annually to a graduating Brother Mentor who demonstrated exceptional personal, academic, and community characteristics.
Clifford B. Scott Key Prize
Awarded annually to the returning Brother who has the highest GPA for the previous academic year.
Ulysses Grant Dubach Scroll
Awarded to the Brother in each chapter who shows the greatest academic improvement between consecutive semesters.
Recruitment Excellence Award
Awarded to the Brother who shows hard work and dedication to recruiting men who meet the high moral and academic standards worthy of being a member of Sigma Phi Epsilon.