In May 2000, Tatopoulos was honored by The Hellenic Times at its ninth annual Scholarship Gala in New York. The goal of the organization is to identify young American scholars who best exemplify the values of their Greek heritage and provide them with educational support. A Patrick Tatopoulos Creative Arts Award Scholarship was created in 2001 and Tatopoulos has personally presented the scholarship, in his name, to a deserving student in 2001 and 2002. He owns Tatopoulos Studios, Inc. and Patrick Tatopoulos Designs, Inc.