The Carthage Flame was created by action of the Board of Trustees on October 11, 1988, and recognizes outstanding service to the College and the community. The recipients of the Carthage Flame are elected by the Trustees. Each flame is numbered consecutively, and engraved with the name of the recipient and the year of award. The Flame is not awarded every year. In years when it is awarded, only one Flame is bestowed, although it can be bestowed jointly.
Past winners of the Carthage Flame awards are:
| 1989 | Donna Wolf Steigerwaldt, Chairman of the Board and Chief Executive Officer of Jockey International, and former Chairman of the Carthage Board of Trustees |
| 1990 | Mrs. Newton E. Tarble, benefactor; along with her late husband, she provided the funds to build and maintain Tarble Hall. In the late 1990s, Mrs. Tarble's naming gift made possible the construction of the N.E. Tarble Athletic and Recreation Center |
| 1991 | A.W. Clausen, '44, Chairman and CEO (retired) of BankAmerica Corporation and a Carthage Trustee. His leadership led the College to establish the A. W. Clausen Center for World Business |
| 1992 | John E. Koenitzer, Chairman and CEO (retired) of Helwig Carbon Products, Inc., and a Trustee of the College |
| 1993 | Dr. Harold H. Lentz, President Emeritus of Carthage, and Mrs. Eleanor Lentz (awarded jointly) |
| 1994 | Jack S. Harris, '49, President Emeritus of the Siebert Lutheran Foundation and a Trustee Emeritus of the College |
| 1995 | Merle W. Boyer, Professor Emeritus of Philosophy, and Eunice F. Boyer, Professor Emerita of Sociology/Anthropology (awarded jointly) |
| 1996 | Theodore W. Nicholson, director of Carthage's food service operations from 1946 to 1989 |
| 1997 | T. Shandy Holland, Professor Emeritus of Speech Communication and Theatre |
| 1998 | Howard Brown, Publisher (retired) of the Kenosha News and a Carthage Trustee |
| 1999 | R. William Miller, Professor of Geography |
| 2000 | Ruth Johnson, Registrar Emerita |
| 2001 | Senator Joseph F. Andrea (retired) |
| 2002 | Robert C. Dittus, Vice President Emeritus of Business and Finance |
| 2003 | Donald D. Hedberg, '53, Trustee of the College |
| 2004 | Alan R. Anderson, '50, President Emeritus of the College |
| 2005 | Irène J. Kraemer, Vice President and Dean of the School of Professional Studies (awarded posthumously) |
| 2006 | Ralph Tenuta, Chairman, Tenuta's, Inc., Kenosha, and Chairman of the Board, Johnson Bank, Kenosha, and a Trustee of the College |
| 2007 | Catherine Lowry Straz, Trustee of the College, and David A. Straz, Jr., philanthropist (awarded jointly) |
Crafted in 14-karat gold, the medal is worn as a pectoral with academic regalia . The design is based on the flame on the Seal of the College.