In 2023, the G.V. "Sonny" Montgomery Foundation generously donated funds for an annual research fellowship and lecture series to be hosted by the Mississippi Political Collections at MSU Libraries. The research fellowship is designed to promote high quality academic and professional study and is an annual award of up to $5,000 to support travel expenses for scholars and other interested patrons to conduct research in any of the MPC's extensive archival collections.

The winner of the fellowship will also provide a public lecture discussing their scholarship, and this event, held near Veterans Day, will honor Montgomery's illustrious legislative record championing veterans' issues. The lecture will be held at MSU Libraries.