Hall supports entrepreneurs and start-ups and together with his wife, funded the Fulbright Kathryn and Craig Hall Distinguished Chair for Entrepreneurship. Hall also founded the Dallas Regional Office of NFTE (Network for Teaching Entrepreneurship). He has received a number of awards and honors, including being named a lifetime member of the Horatio Alger Association for Distinguished Americans in 2007. Most recently, Craig and Kathryn were co-awarded the 2017 Master Entrepreneur of the Year award by Ernst & Young.