Jane Fonda will receive the American Film Institute's 42nd Life Achievement Award, one of Hollywood's most prestigious career honours.
"Jane Fonda is American film royalty," AFI chairman Howard Stringer said in a statement.
"A bright light first introduced to the world as the daughter of Henry Fonda, the world watched as she found her own voice and forged her own path."
At 75, Fonda's career has not slowed, including roles in Lee Daniels' The Butler and HBO's The Newsroom.
The AFI award will be presented at a star-studded gala on June 5, 2014.