The Grail Award was inaugurated many years ago to recognise the contribution of the Grail (an international Christian lay-women's movement) which was instrumental in establishing the former St Raphael's all-women's College in 1971, and for their service to the education of young women in North Queensland from 1964 to 1999. It is awarded to one or more outstanding young women from within the College.
St Paul's College was originally established in 1969 and was managed by the Franciscan Friars (a Catholic order of Priests and religious Brothers) for the next twenty-one years. The Franciscan Award was established to recognise the contribution of the Franciscan Congregation to the education of young men in North Queensland. It is awarded to one or more outstanding young residents (male or female) within the College.
The Grail and Franciscan Awards are presented each year at the Valedictory Dinner to residents who have shown outstanding community spirit or made other significant contributions to the functioning of the College throughout the current year.
In 2014 a new Award was established - the St Mary MacKillop Award - which acknowledges Australia's first saint and namesake of the St Mary MacKillop Wing. She is attributed to have said "Never see a need without doing something about it" and it is awarded to one or more outstanding young residents (male or female) who have shown outstanding commitment to the pastoral care of residents.