Something we've done in my Phi Sig chapter is to choose a song that personifies the person receiving the award or goes along with the award. Then, when the person comes up to get the award, play the song.
Have you thought of having it themed? Of course, if there's ritual it probably requires badge attire, so that would limit your possible themes, but could still be fun.
I'm not sure where this being held, but I'm assuming the ritual is private. In my SAI chapter, before we do our founder's day ritual we watch a video on the history and making of the ritual that we can get from HQ. Now, of course, only member's can view it, but it's always made performing the ritual that much more special.
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