New York – Scores of celebrities including Vanessa Williams, Stockard Channing, T.R. Knight and Keith Olbermann joined the Gay & Lesbian Alliance Against Defamation (GLAAD) as it honored Tyra Banks, Suze Orman, Phil Donahue and the best in film, television and journalism at the 20th Annual GLAAD Media Awards in New York on March 28.

GLAAD, the nation's lesbian, gay, bisexual and transgender (LGBT) media advocacy and anti-defamation organization, present the GLAAD Media Awards to recognize and honor media for their fair, accurate and inclusive representations of the LGBT community and the issues that affect their lives.

At the ceremony, singer Clay Aiken presented the Excellence in Media Award to Tyra Banks, who has shown a strong commitment to educating the public about the lives of gay and transgender people on her talk show, The Tyra Banks Show, and on her reality series, America's Next Top Model. The Excellence in Media Award is presented to individuals who, through their work, have increased the visibility and understanding of the LGBT community in the media.

"[The LGBT community] empowered me," Banks said in her acceptance speech. "And in turn, when I finally had a platform, and a power, and a voice – no longer just a face, but a voice – to get across the points and the messages that were important to me, I brought you along with me. Because you embraced me and now I embrace you in front of millions to show how beautiful you are, how absolutely amazing you are, how giving you are. And I will continue to do that as long as I have a platform. I will continue to get the message out about gays, lesbians, bisexuals and transgender people."

Also at the event, actor T.R. Knight presented the Vito Russo Award to Suze Orman, personal finance expert and host of CNBC's The Suze Orman Show. The Vito Russo Award is presented to an openly lesbian, gay, bisexual or transgender media professional who has made a significant difference in promoting equal rights for the LGBT community.

"I want every single one of you in this room to take note of what corporations put their time and money behind gays, behind lesbians – behind you," Orman said accepting her award.  "Do you want to continue to give your money to people in corporations that oppress us, that keep us down? Or do you want to give your money to the corporations who can help us rise and change what needs to be changed in the United States of America today.

"I ask you to honor those corporations not only with your support but with your money as well. We can do this - and here's how you're going to do it. You are going to think about every single penny you spend from this day forward.  And the only think I ask of you is to spend it and invest it in those companies that invest in you."

Actress Cherry Jones presented a Special Recognition Award to Phil Donahue, who was the honoree at the first GLAAD Media Awards in 1990.

"It's unbelievable to think about the power and the warp speed of this revolution," Donahue said during his acceptance.  "Twenty years ago when I proudly accepted the first GLAAD Media Award...it was a very small crowd. There are more photographers here tonight than there were people then. And now, we look up in 2009, and [the LGBT community] is popular. The majority of the people in the nation agree with us. Our job now is to summon these people to stand up and say so out loud. To tell them to join us. To march the lavender line with us down Fifth Avenue, and to remind them, when they do join us, they're going to meet a lot of nice people."