In 1999, Furman University, Riley's alma mater, created the Richard W. Riley Institute of Government, Politics and Public Leadership in his honor. In 2000, Riley received the Foreign Language Advocacy Award from the Northeast Conference on the Teaching of Foreign Languages in recognition of his support for education and especially for his repeated recommendations that all students learn a second language. In 2008, Walden University renamed its college of education the Richard W. Riley College of Education and Leadership, in honor of Riley's "commitment to students, his legacy of improving access to higher education, and his focus on diversity in education." Winthrop University also renamed its college of education after Riley in 2000.