Movies
Rex Features
The Talented Mr Ripley star will be honoured at next year's ceremony on March 27, according to Variety.
The occasion marks the first time that the 38-year-old will receive an accolade for his body of film work, while the proceedings will be broadcast on cable network AMC.
Previous recipients of the award include Julia Roberts, Al Pacino, George Clooney and Samuel L. Jackson for their contributions to the world of cinema.
Damon previously won an Oscar along with Ben Affleck for their 1997 screenplay Good Will Hunting.
Movie Reviews
'Extremely Loud & Incredibly Close' reviewTom Hanks features in a long and winding journey through New York after 9/11
At the Movies
David Lynch: 10 reasons to worship himIt's time to celebrate director David Lynch as the BFI screens a season of his films.
Movies Interviews
Max von Sydow 'Extremely Loud' interviewActing legend Max von Sydow on Extremely Loud & Incredibly Close, The Exorcist and Flash Gordon.
Box Office Charts
'The Woman in Black' wins UK box officeThe Woman in Black beats The Muppets and Star Wars at the the UK box office.
