Schirra was a 33rd Degree Mason and part of the American Institute of Aeronautics and Astronautics, as well as a fellow of the American Astronautical Society. Schirra received Honorary Doctorates of Science from three colleges and universities: Lafayette College (for Astronautical Engineering), the University of Southern California, and his alma mater the Newark College of Engineering (for Astronautics). Schirra was inducted into multiple halls of fame: the International Air & Space Hall of Fame (1970), the International Space Hall of Fame (1981), the National Aviation Hall of Fame (1986), the U.S. Astronaut Hall of Fame (1990), and the New Jersey Hall of Fame. The , a named for Schirra, was christened and launched March 8, 2009. A street and a park are named after Schirra in Upper Dublin, Pennsylvania, and Oradell, New Jersey. Walter M. Schirra Elementary School in Old Bridge Township, New Jersey, is named after Schirra.