On May 10, 1945, he was awarded the Distinguished Flying Cross.
A well known corporate director, he served on more than 50 corporate boards, including the Royal Bank of Canada.
In 1982, he was made an Officer of the Order of Canada in recognition of having "shown outstanding ability in the field of industrial relations" and "given generously of his counsel and leadership to universities, hospitals and charitable organizations." In 2004 the book, Frank Manning Covert: Fifty Years in the Practice of Law, based on his diaries and edited by Barry Cahill was published by McGill-Queen's University Press.
In 1934, he married Mary L.
Covert, the daughter of his uncle Walter Harold Covert, the Lieutenant Governor of Nova Scotia (1931–1937).
They had four children: Michael, Peter, Susan and Sally.