Loren will receive the Visionary Award for artists whose work has advanced the art of cinema, the organisation said on Monday.
Independent filmmaker Haile Gerima will be also be honoured with an award, and Tom Hanks, Annette Bening and Bob Iger will be recognised for their efforts to raise $388 million for the long gestating museum.
The gala will be held on September 25 as the kick-off to a week of celebrations leading up to the museum’s opening to the public on September 30.
“The Academy Museum is committed to celebrating and championing the work of film artists, scholars and professionals through our exhibitions, screenings, programs, collection and now, through our annual gala,” Bill Kramer, director and president of the Academy Museum, said.
“It is such an honour to be able to recognise both Haile Gerima and Sophia Loren for their impactful and inspirational artistry and to acknowledge the incredible work of our campaign committee.
“We are deeply grateful to our gala co-chairs and our sponsors for their extraordinary leadership and support of this inaugural event.”
The Visionary Award will be added to Loren’s long list of accolades, which includes two Academy Awards, six Golden Globes and a Golden Lion in Venice, among others.
Loren, 86, recently starred in The Life Ahead, directed by her son Edoardo Ponti.
It is her first feature film in a decade.
