The Principal’s Prize is an opportunity for local public and private high schools to promote the Turkey Chase within their communities. The school (private and public) with the highest participation rate is awarded a check in the amount of $500 and $1,000 respectively. Runners can vote for their favorite high school to win when they register to run. Currently the participating schools are:
| Public High Schools | Private High Schools |
| Bethesda | Lyceé Rochambeau |
| Blair | Stone Ridge |
| Blake | Jewish Day School |
| Churchill | Georgetown Prep |
| Clarksburg | Holy Cross |
| Damascus | Sidwell Friends |
| Einstein | Good Counsel |
| Gaithersburg | St. Andrews Episcopal |
| Kennedy | Bullis |
| Magruder | Holton Arms |
| Northwest | Landon |
| Northwood | German School |
| Paint Branch | The Heights School |
| Poolesville | Norwood |
| Quince Orchard | Berman Hebrew Academy |
| Richard Montgomery | Holy Child |
| Rockville | Takoma Academy |
| Sherwood | |
| Springbrook | |
| Walter Johnson | |
| Watkins Mill | |
| Wheaton |