The former supermodel will be honoured for founding her entertainment company Bankable Enterprise Inc, while Close will be praised for co-founding the website Bring Change 2 Mind.
The ceremony takes place in New York on April 12.
Bankable Enterprise's various projects include America's Next Top Model and Banks's former talkshow.
Bring Change 2 Mind is a national campaign that works to end "the stigma and discrimination surrounding mental illness".
Last month, Banks graduated from Harvard Business School after enrolling in the university's Owner/President Management Programme.
Close's lead performance in Albert Nobbs was well-received during the award season, earning nominations from the Screens Actors Guild Awards and the Academy Awards.
Watch the trailer of Albert Nobbs below: