[4][6] The Skull and Dagger Society is known for its involvement in many important USC events and traditions, such as the homecoming parade and the senior class gift.

In 1994, the Society donated "The Wall of Scholars" to honor students who have won national and international fellowships, as well as recipients of USC awards.

The first was established in 1989 and is named in memory of Dr. Kenneth Owler Smith, a professor of Journalism, who served as Permanent Master of the Society from 1983 until he died in 1988.

Both scholarships are awarded annually to the continuing USC students (graduate or undergraduate) who have demonstrated significant campus and/or community leadership.

[10] Membership in Skull and Dagger is highly selective and is offered to USC students and alumni who have demonstrated exceptional leadership, service, and achievement in their academic, personal, and professional lives.