In 1971, Statesboro, Georgia businessman Charlie Robbins honored Schenkel by developing in his name, a scholarship for golf at Georgia Southern University and calling the great classic, "Chris Schenkel Intercollegiate Golf Tournament", featuring some of the nation's top college golf teams. Schenkel had attended then named Georgia Teacher's College (1930-1958) while in the service near Statesboro during WW II. There are a few books in the School's library today with Schenkel's signed name listed as the one checking out the library book. The Schenkel Tournament ended after the 1989 event when it was discovered that the golf club hosting the tournament was all-white, but was revived in 1999 as the E-Z-Go Schenkel Invitational. This college event is regarded as one of golf's premier intercollegiate events in the East.
In 1971, Schenkel, a longtime friend of Indianapolis Motor Speedway owner Tony Hulman, was a passenger in the pace car for that year's Indianapolis 500 race. Astronaut John Glenn and Hulman were also in the car when its driver, Indianapolis-area Dodge dealer Eldon Palmer, crashed the 1971 Dodge Challenger convertible into a camera platform at the beginning of the race.