 Shortly after his death, several scholarships and funds were created in memory of Armando Montaño.The annual Armando Montaño Scholarships will be awarded by the New York Times Student Journalism Institute to help deserving students, and the Mando Montaño's Scarlet & Black Fund was established help Grinnell College improve its student newspaper.While a student, Freedom Forum for Diversity named him a 2011 Chips Quinn Scholar for which he attended training, the National Press Club awarded him its 2008 Ellen Masin Persina Scholarship, the National Association of Hispanic Journalists named him a 2008 Newhouse Scholar.