NYIPLA has established a merit-based Scholarship to benefit an outstanding law school student. NYIPLA selects each year a law school and leaves it to the discretion of the IP faculty to select a recipient. The recipient of the Hon. Giles S. Rich Diversity Scholarship needs to meet the following criteria:
| Name | Organization | Year | |
| Cardozo School of Law | 2011 | ||
| Susan Shin | Fordham Law School | 2010 | |
| Veronica Wong | Columbia University School of Law | 2009 | |
| Deepak Parashar | University of Alabama, Tuscaloosa | 2007 | |
| David Mears | University of Vermont Law School | 2006 | |
| Stephanie Harris | Howard University Law School | 2005 |