From Snopes:
Trump was one of 80 individuals to receive the Ellis Island Medal of Honor in 1986, the first year that the National Ethnic Coalition of Organizations handed out the award.
The Ellis Island Medals of Honor embody the spirit of America in their celebration of patriotism, tolerance, brotherhood and diversity. They recognize individuals who have made it their mission to share with those less fortunate their wealth of knowledge, indomitable courage, boundless compassion, unique talents and selfless generosity; all while maintaining the traditions of their ethnic heritage as they uphold the ideals and spirit of America. As always, NECO remains dedicated to the maintenance and restoration of America’s greatest symbol of its immigrant history, Ellis Island.
The Ellis Island Medal of Honor is awarded each year in celebration of “patriotism, tolerance, brotherhood and diversity”: