PIDS currently presents two annual awards that recognize the unique contributions of pediatricians who have advanced the mission of the Society. The names of the two awards are the Distinguished Physician Award and Young Investigator Award. The Nominations and Awards Committee in consultation with the PIDS Council selects recipients after nominations are received from Society members. Nominations may be submitted by any PIDS member in good standing. The procedures for nomination are established by the Committee and approved by the Council. In addition to its two annual awards, PIDS presents an award for Distinguished Service at the discretion and selection of the President.

PIDS also supports a fellowship program for trainees in pediatric infectious diseases. The two fellowship awards are the PIDS Fellowship Award and the PIDS-St. Jude Fellowship Award. The goal of the PIDS Fellowship Award is to increase the pool of highly trained pediatric infectious disease clinical scientists and stimulate scholarly basic and clinical research in areas pertinent to pediatrics. The goal of the PIDS – St. Jude Children's Research Hospital Fellowship Program in Basic and Translational Research is to develop a larger cadre of physician-scientists who are trained to carry out rigorous, high-quality basic and translational investigation in the field of pediatric infectious diseases.