Monk has won numerous awards, including a MacArthur Fellowship and the Creative Capital Award in the discipline of Performing Arts. She has also been a MacDowell Fellow six times (1987, 1988, 1994, 1996, 2001, Winter 2007). She has been awarded honorary Doctor of Arts degrees from Bard College, the University of the Arts (Philadelphia), the Juilliard School, the San Francisco Art Institute and the Boston Conservatory. In 1979, the Supersisters trading card set was produced and distributed; one of the cards featured Monk's name and picture. In 1985, Monk won an Obie Award for Sustained Excellence for her contributions to the Off-Broadway community.