Frank Zarb received the Distinguished Scholar Award andhonorary Doctorate of Humane Letters from Hofstra University which created the Zarb School alumni association in his honor.
In 1974, Hofstra University gave Zarb the Distinguished Scholar award in recognition of his contributions to the university. In 1975 he was awarded an honorary Doctorate of Humane Letters by Hofstra in recognition of his contributions to the university. In 2008 the Zarb School alumni association was created in his honor. 
