Davis and Elkins College is one of only three private liberal arts institutions with endowments under $1 million.
The college is being recognized for "outstanding performance" in fundraising over the past three years by the Council for Advancement and Support of Education.
Institutions become eligible for consideration for the award based on data submitted in a survey.
Judges selected winners based on a number of factors.
College President Buck Smith said this recognition is a tribute to the college's trustees, alumni, and friends who believe in the strength and programs of the college.