A philanthropic organization, the ANAK Society annually awards two undergraduate student scholarships, the George Wingfield Semmes Memorial Scholarship and the Merri Gaye Hitt Memorial Scholarship. Additionally, the society annually recognizes distinguished Georgia Tech alumni with the Joseph M. Pettit Distinguished Service Award. The society's ANAK Award, granted annually to an outstanding Georgia Tech faculty member, is considered the most prestigious award of its kind.[7] The society has also donated a number of gifts to Georgia Tech in honor of its members and notable alumni.