The Madison USBC Bowling Association established the Jim Grady Memorial Award for Outstanding Individual Achievement to honor the outstanding individual bowler in the association. The award is in honor of the former long-time association manager who is a member of both the MBA Hall of Fame and Madison Sports Hall of Fame.

Members of the MBA earn points over the bowling season for league honor scores, high individual and composite average, and top finishes in the MBA Championship Tournament and MBA Masters.

The top point earners are reviewed and are eligible for consideration to be the Bowler of the Year or a member of the first or second All-City team.  Additional factors considered include performance in the Madison Area Scratch Tour, the Wisconsin State Tournament, and USBC Open Championships.