 Asteroid (4731) was named Monicagrady in her honour.In 2010, Grady returned to Durham, spending 3 months at St Mary's College as a Fellow of the Institute of Advanced Study
Grady was appointed Commander of the Order of the British Empire (CBE) in the 2012 Birthday Honours for services to space sciences.In 2014, Grady spoke to BBC News about the aims and the significance of the spacecraft "Rosetta".