As a token of its commitment to the cause of higher education, the college was selected by the Ford Foundation, New York, to receive a major grant under its project Campus Diversity Initiative. Farook College is the only one in the state and one of the few in the country to receive the grant. The College has been re-accredited at 'A' Grade by the National Assessment and Accreditation Council (NAAC), Bangalore, with a CGPA of 3.34 on a four point scale valid from March 2009. The college has been adjudged by the Government of Kerala to receive R. Sanker Award for the best special grade (Private) college in the state of Kerala for the years 1997 - '98, 1999 - 2000. The college has been identified by the UGC as a College with Potential for Excellence, the only college under Calicut University to receive the status. Farook College has won the Moulana Abul Kalam Azad Literacy Award instituted by Moulana Azad Education Foundation, New Delhi under the Ministry of Social Justice & Empowerment, Government of India for promoting education among the educationally backward minorities.
