Dancy is to be presented with the prize Nov. 3 for his performance in this year's Fox Searchlight release, "Adam."
The actor's film credits include "Confessions of a Shopaholic," "Evening" and "The Jane Austen Book Club." He is also set to star in the MCC Theater's Joe Mantello-directed Off-Broadway production of "The Pride," which previews at Manhattan's Lucille Lortel Theater Jan. 27.
The Savannah Film Festival is to run from Oct. 31- Nov. 7.
Other special guests expected to attend the festival are Patricia Clarkson, Woody Harrelson, Ben Foster, Emmy Rossum and Jeremy Renner.
Clarkson is slated to receive an Achievement in Cinema Award at a screening of her new film, Woody Allen's "Whatever Works." Harrelson and Foster, who star in opening-night film "The Messenger," also will receive Achievement in Cinema awards, while Rossum will be honored with the Young Hollywood Award prior to a showing of her film "Dare," and Renner will receive a Spotlight Award for his performance in "The Hurt Locker," which will also screen at the festival, organizers said.