In 1988, the University of Melbourne and Soroptimist International of the South West Pacific (‘SISWP’) conducted an appeal to establish the Dame Margaret Blackwood Soroptimist Scholarship at the University. The scholarship commemorates Dame Margaret's contribution to the international soroptimist community and celebrates her academic achievements. Dame Margaret died in 1986. She was one of the earliest members of the Soroptimist Club of Melbourne, founded in 1948, and was president from 1957 to 1959. She was well known and widely respected throughout the international soroptimist world.
The Dame Margaret Blackwood Soroptimist Scholarship is offered to students who are enrolled in the Doctor of Philosophy – Science, identify as female and are undertaking substantial research in a discipline that aligns to plant, animal or viral genetics.