That's only partially true. At the awards ceremony, they presented the 'Janet Smith' salter to the prizewinner, but there was no explanation in the programme as to who Janet Smith was.
I see that the alumni who organised it have now had their own article placed in the local paper.
When I was a middle manager in a state secondary school, if family or friends had donated money for a prize in memory of a former pupil or teacher, some mention of that would always be made at the awards ceremony. It's not something that entails a great deal of thought or work.
The person who expressed surprise over the lack of a mention was someone who had been a middle manager in another local secondary. Bluntly, the school was happy enough to accept the prize money but didn't even bother to explain why the prize was named in honour of the former pupil. One line would have been enough.
It's usual for schools to mention alumni who have done something notable. Our old school seems to have dropped the ball.
One person in our class is reasonably famous and they're always banging on at him to turn up for prize-giving.
On the other hand, there are other former pupils (now deceased) with even more notable achievements. A prominent Scottish journalist wrote a piece in a Scottish newspaper about visiting the school and her dismay at seeing printed posters mentioning famous alumni...where the names were very slightly wrong.
I had to visit the school a few months later and the same posters were still on display.
There's been a big push in the Scottish Local Authorities to convince children that they too can be prominent in their field when they leave school. Usually, one member of a school SLT is given the role of celebrating the achievements of present and former pupils in their remit.
My experience as a middle manager was that at meetings for the now defunct SQA, staff representing my old school spent too much time talking down their catchment.