Jake T. Austin suits up to honor Tom Cruise at the Friars Club and Friars Foundation held at The Waldorf-Astoria on Tuesday night (June 12) in New York City.

The award, which is the group’s highest honor, has only been given out three times. Previous recipients are Douglas Fairbanks, Cary Grant and Frank Sinatra.

PHOTOS: Check out the latest pics of Jake T. Austin

The Icon Award is an opportunity to “pay tribute to someone whose accomplishments transcend the entertainment industry by positively redefining the very culture we live in,” the organization said (via THR).