noun
tribute
TRIB-yoot/ˈtrɪbjuːt/
An offering acknowledging another's authority or worth.
Two women pay tribute to their late friend with flowers beneath her portrait.

Etymology
Latin tributum named a payment, especially one acknowledging submission. The later sense of an offering or token connects this material acknowledgment with something said or done to honor someone.
In context
… and I would also like Oliver Mandel like to pay tribute to the other community organizations who are supporting the cycle in different ways …
More examples
- Her speech is a tribute to the nurses who cared for her.
- Fans leave tributes outside the singer's home.
- The defeated kingdom pays tribute to its powerful neighbor.
Forms
tribute · tributes