There are many synonyms for the phrase "award of excellence." One possible term is "distinction," which refers to an award or recognition that sets someone or something apart as exceptional or noteworthy. Another possible synonym is "prize," which typically refers to a tangible or monetary award given to someone in recognition of their achievements or contributions. "Accolade" is another potential synonym, which is defined as an expression of praise or admiration that is typically given as a formal or public recognition. Other possible synonyms include "commendation," "trophy," "medal," "certificate," or "plaque." Ultimately, the best synonym for "award of excellence" will depend on the context and the specific meaning of the phrase in question.