My chapter gave out many, many awards. Most of them were given out of abject silliness. The important ones were, Undergraduate Brother of the Year and Alumni Brother of the Year. And of course, the scholarship award for highest GPA. I won it one time, because I had a very light semester of all free electives. My trophy was two framed elementary school pictures of our High Sigma. I still pull it out occasionally and chuckle.
Then, we also had the weekly awards, "Stud of the Week" and "Ass of the Week." Click
HERE to see an example of the "Ass of the Week" trophy.
Each semester, we gave out several other awards, which were
"so vile and disgusting that decorum prohibits mentioning them here." 
(But I'd be happy to PM you if you'd like to know.)
