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Margolis is the recipient of numerous awards including two National Endowment for the Arts Fellowships, New York State Council on the Arts Grant, Yaddo and Mac Dowell Residency Grants. Her work has been shown in solo exhibitions at at Brooke Alexander Gallery, New York, Esso Gallery, New York, Beth Urdang Gallery, Boston and included in group exhibitions at the Renaissance Society, University of Chicago Chicago, Munson-Williams Proctor Institute, Utica, New York, University Museum, Santa Barbara, California, Delahunty Gallery, Dallas Texas. Her work is in the collections of the Brooklyn Museum, Brooklyn, New York, Philadelphia Museum, Philadelpia, Zimmerli Archives, Rutgers University, New Brunswick, NJ, Chase Manhattan Bank Collection, New York, General Mills, Minneapolis, MN, Estee Lauder Corporation, New York among other public collections.