At the conclusion of the individual state finals, the IHSAA Executive Committee presents the Ward E. Brown Award for Mental Attitude to an outstanding senior participant in the wrestling state tournament. The recipient of this award, who is nominated by his principal and coach, must excel in mental attitude, scholarship, leadership and athletic ability in wrestling. Beginning in 1985, the award was named in honor of Mr. Brown, who served as the fourth commissioner of the IHSAA from 1976 until 1983. In 1983, the IHSAA Wrestling State Finals Tournament was moved to its current home at Market Square Arena.

Previously, from 1966 to 1971, the Indiana High School Wrestling Coaches Association presented the Harold F. Mumby Award to the state meet's outstanding wrestler, in honor of the longtime Bloomington High School coach. From 1972 to 1984, The IHSAA Executive Committee sponsored the Harold F. Mumby Award for Mental Attitude.

Farm Bureau Insurance, the IHSAA corporate partner, presents a $1,000 scholarship to the school in the name of the recipient.