Awards and nominations:
Thant was generally reluctant to receive prizes and honors due to his own humility as well as publicity associated with them. He declined Burma's second highest honor awarded to him by U Nu's government in 1961. When he was informed that the 1965 Nobel Prize would instead go to UNICEF due to Chairman Gunnar Jahn's veto, Thant, according to Walter Dorn, "recorded his pleasure". However, he did accept the Jawaharlal Nehru Award for International Understanding in 1965, the Gandhi Peace Award in 1972, and more than two dozen honorary degrees.
Thant received honorary degrees (LL.D) from Carleton University, Williams College, Princeton University, Mount Holyoke College, Harvard University, Dartmouth College, University of California at Berkeley, University of Denver, Swarthmore College, New York University, Moscow University, Queen's University, Colby College, Yale University, University of Windsor, Hamilton College, Fordham University, Manhattan College, University of Michigan, Delhi University, University of Leeds, Louvain University, University of Alberta, Boston University, Rutgers University, University of Dublin (Trinity College), Laval University, Columbia University, the University of the Philippines, and Syracuse University. He also received the Doctor of Divinity from The First Universal Church; Doctor of International Law from Florida International University; Doctor of Laws from University of Hartford; Doctor of Civil Laws degree, honoris causa from Colgate University; Doctor of Humane Letters from Duke University.
In his memory, Sri Chinmoy, the leader of the UN Meditation Group founded by Thant, established the U Thant Peace Award which acknowledges and honors individuals or organizations for distinguished accomplishments toward the attainment of world peace. The meditation team also named a tiny island in the East River opposite the headquarters of the United Nations U Thant Island. The road Jalan U-Thant (U-Thant Road) and the township Taman U-Thant in Kuala Lumpur, Malaysia are also named in his honor.
In December 2013, in an effort spearheaded by his daughter Aye Aye Thant and his grandson Thant Myint-U, Thant's house in Yangon was being converted into a museum which would feature his photos, works and personal belongings. In October 2013, the building of an U Thant library near his Pantanaw house was underway.