Dear Common,
I did a lot of research. The rumor is that Rav Aaron had such a standard for his yeshiva, but held that it did not apply to other types of mosdos. I’m not sure. Take it or leave it. This seems to hold up somewhat with the honorees of the BMG dinner. Though I was told that Rav Aaron himself made an exception once. Some Lakewood Yeshivos put a good face on the effort. Some don’t.
Here are three that seem to be genuine about it. Bais Binyamin of Stanford. Maybe that’s why they had no money. Yeshiva Zichron Moshe of South Fallsberg is said to have such ideas. They don’t have a regular dinner as far as I can tell. Zichron Meilich has a dinner every year, with such an idea.