 He and his brother were collectively honored as the "Music Visionaries of the Year" by the UJA-Federation of New York for their contributions to the organization.In 2017, Lipman was given the Multiple Myeloma Research Foundation's "Spirit of Hope Award" for his contributions to that organization.In 2018, Lipman was among four honorees at the Angel Ball, a fundraising event for Gabrielle's Angel Foundation for Cancer Research.