In 2010 and 2011, the Luther College E Club recognized outstanding leaders in the organization and awarded an E Club Entrepreneurial Leadership Prize, which includes a monetary prize of $400 or more, funded by an anonymous donor and former E Club members. The E Club Entrepreneurial Leadership Prize is given to a current E Club member in recognition of their leadership contributions during their time at Luther and particularly the past year. Club members nominate and participate in the selection of the winner along with the E Club faculty adviser.