 Osborne was awarded the prestigious Commander of the Order of the British Empire for his leadership role in the War Finance Committee in 1948, a few months before his death.In 1961, the Calgary Board of Education honoured Osborne by building a junior-high school in the then new Northwest Calgary community of Varsity.The medium-sized school opened in 1967, and today has been expanded to serve the communities of Hawkwood, Tuscany, Varsity, and Silver Springs.