Since its inception The Field Marshal Sir Thomas Blamey Memorial Fund has made awards to members of the Defence Force selected for outstanding qualities of leadership.

The Fund currently makes awards to students at the following courses and training establishments:

• The Defence Strategic Studies Course at the Centre for Defence and Strategic Studies, Weston Creek, ACT.
• The Australian Command and Staff College at the Australian Defence College, Weston Creek, ACT.
• The Royal Military College of Australia at Duntroon, ACT.
• The Australian Defence Force Academy, Canberra, ACT.
• The Army’s Regimental Sergeant Major’s Course at the Land Warfare Centre, Canungra, QLD.

The Fund has also played a role in other forms of recognition including:

• Since 1955 the annual running of ‘The Blamey Stakes’ by the Victorian Racing Club at Flemington in recognition that Sir Thomas was a member of the Committee of the Club at the time of his death.
• The naming of the Blamey Memorial Forest in Israel in 1956.
• The naming of the square at the heart of the Department of Defence complex in Canberra was named the Sir Thomas Blamey Square in 1982 and rededicated as the Field Marshal Sir Thomas Blamey Square on 27 May 2001.
• The naming of Blamey Barracks at Kapooka, where the Army Recruit Training Centre is located.
• The naming of the Blamey Operating Suite at the Heidelberg Repatriation Hospital.
• In partnership with the Royal United Services Institute the conduct of Blamey Orations around Australia in which the speaker is presented a Blamey Medallion.
• The conduct of an annual commemorative service at the memorial statue until 2011.
• The naming of lecture theatres at a number of Army facilities.
• The naming of Blamey Crescent in Campbell, ACT.
• The naming of Blamey Street and Blamey Park in North Ryde, New South Wales.