For his service to his community and his charities, Mr. Carroll has received various awards and recognitions including:
- Recipient, Distinguished Counselor Award, State Bar of Texas Antitrust and Business Litigation Section [2020]
- Recipient, Melvin Jones Humanitarian Award, Lions Club International Foundation [2003]
- Honorary Chair, with wife Bonnie, Metroport Meals on Wheels, Inc. Benefit Wine Dinner [2002]
- Honorary Chair, with wife Bonnie, Race for Excellence, benefiting SafeHaven of Tarrant County [2007]
- Nominee, Colleyville Citizen of the Year [2000]
- Nominee, Herman J. Smith Leadership Award [2000]
- Co-Recipient, with wife Bonnie, Community Spirit Award, Colleyville Chamber of Commerce [1997]
- Nominee, Colleyville Citizen of the Year [1997]
- Recipient, Chairman’s Award, Colleyville Chamber of Commerce [1996]
- Baylor Health Care System Keeper of the Flame Award [2000]