The Wayans family was honored with an induction into the NAACP Image Awards Hall of Fame at the 56th NAACP Image Awards on Saturday, Feb. 22. Speaking to PEOPLE at the ceremony, Damon, 64, revealed how his parents would've reacted to the recognition.

The 56th NAACP Image Awards will celebrate the achievements of trailblazing entertainers, athletes and writers of color, recognizing their impact on culture and beyond

Damon Wayans Jr., Damon Wayans, and Chaunté Wayans embraced the burgundy trend with different suiting takes on the breakout color, while Marshay Wayans wore an off-the-shoulder lace gown with an ornate cutout pattern.