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

The Kerry Washington-led "The Six Triple Eight," actor Keke Palmer and the entire Wayans family were the big winners at Saturday's 56th annual NAACP Image Awards show held in Pasadena, Calif.