In April, 2009, Hollace was selected to receive a National Guardian Award for teenage female entrepreneurs. From a pool of over 5, 000 applicants, Hollace and 14 other teens from around the nation were recognized as exceptional young business women who are making a positive impact on their communities. The scholarship award winners were commended for their business acumen, creativity, and integrity. The Guardian Life Insurance Company created this competitive national scholarship to foster leadership and business prowess in selected young women.