The Presidential Medal of Freedom, according to Wikipedia, is is awarded by the President of the United States “for especially meritorious contribution to (1) the security or national interests of the United States, or (2) world peace, or (3) cultural or other significant public or private endeavors”; it is awarded to individuals selected by the President or recommended to him by the Distinguished Civilian Service Awards Board.
The 2016 recipients included Ellen Degeneres, Diana Ross, Tom Hanks, Michael Jordan and more.
See pictures below as well as the full clip of the ceremony as provided by Cosmopolitan Magazine and ABC News