The dinner was attended by Donald Trump, The First Lady Melania Trump, Ivanka Trump, Jared Kushner and senior White House officials.
The award has also recently been awarded to Jared Kusher, Jason Greenblatt and President Trump.
Over 150 Billboards were placed in recent days on buses and buildings throughout Jerusalem.
American actor Dean Cain is visiting Israel.
"President Trump's historic recognition of Jerusalem will secure his place in history as the first American president to take that step since the founding of the State of Israel in 1948."