Background: Schizophrenia is a debilitating mental illness that has repercussions for the afflicted individual as well as the immediate family. While family caregiving entails enormous burden, it is also acknowledged that the experience may be perceived as being rewarding. Objectives: This study seeks to understand key aspects of caregiving in terms of perceived rewards, the experience of hope, and the social support available to family caregivers. Methods: Standardized instruments to assess these variables were administered to primary caregivers of people with schizophrenia and a comparative group. Results: It was seen that both hope, and perceived social support significantly predicted reward perception in the caregivers.