In 1984, on the occasion of the 50th anniversary of the founding of the Institut Marguerite-d'Youville by Mother Superior Virginie Allaire, the Fonds de développement de l'Université de Montréal created the Virginie Allaire Scholarship with the help of the Grey Nuns of Montreal. This excellence award is bestowed on an applicant at the Master's, PhD or postdoctoral level who demonstrates an exceptional aptitude for research in nursing. Since the creation of the Marguerite-d'Youville Research Chair in 2015, this award has gone to a student whose area of interest is related to the Chair’s main objectives. The competition for this award is announced annually at the Université de Montréal’s Faculty of Nursing and on the Chair's website.