There was some discussion of this last year:

https://www.dcurbanmom.com/jforum/posts/list/1210786.page

Does anyone know anything about this? DS got notified that he is top 5% of the class and is being awarded this award with a breakfast. That's nice, but does it help anywhere else? Is there any additional scholarship money he can apply for?

I didn't even know they ranked, so this was a pleasant surprise!