Harvard University Doctor of Education
Drexel University MBA  Organization Development
BS Management
Richmond University Doctor of Education honoris causa
Philadelphia University Doctor of Humane Letters
honoris causa
Wagner College Doctor of Humane Letters
honoris causa

Smith has been awarded the New York University presidential medal for distinction in higher education leadership. Other honors include the Salvation Army Man of the Year and the Snug Harbour Cultural Center (NYC) Neptune Award for contributions to art and culture.

His undergraduate alma mater, Drexel University, designated him one of the inaugural top 100 alumni among over 100,000 graduates.

Smith was designated President Emeritus of Wagner College in 2002.