"They are recognized at the banquet there is not a monetary contribution to them but we give them public tribute and give them the honor and the opportunity to speak," says Karen Schultz, director of the Center for Public Service and Scholarship.
One of this year's honorees included Ambassador Ronald Neumann.
He addressed cultural and multinational diplomacy in the 21st century and also talked about Tuesday night's election. He said the outcome was not what he was hoping for.
"There really is no dialogue or discussion or very little in the campaign that would allow anybody to answer how the results are going to affect the diplomacy," says Neumann, President of the American Academy of Diplomacy.
However, there were some at the conference who were happy with the results of the presidential election.
"I'm pleased that we seem to have a team in place that will be collaborative and will involve as many public voices possible," says Schultz.
The American Academy of Diplomacy is a small, elite organization of former, and senior diplomats that have helped strengthen America's statesmanship.