Colescott is a Fellow of the Wisconsin Academy, an Academician of the National Academy of Design, and has won prizes in five of their annual exhibits and has juried their graphic entries three times. He was appointed Printmaker Emeritus by the Southern Graphics Council in 1992, a special honor. His work has been selected for purchase by the American Academy of Art and in 1994 he was designated Richard Koopman Distinguished Chair in the Visual Arts by the Hartford School of Art, Hartford, Connecticut.
Colescott is co-author, with Arthur Hove, of Progressive Printmakers: Wisconsin Artists and the Printmaking Renaissance, University of Wisconsin Press, 1999.