The actor, director and producer was announced as this year's recipient Thursday by HFPA President Dr. Aida Takla O'Reilly.
"Jodie is a multifaceted woman that has achieved immeasurable amounts of success and will continue to do so in her career," O'Reilly said in a statement. "Her ambition, exuberance and grace have helped pave the way for budding artists in this business. She's truly one of a kind."
Foster is a two time Golden Globe winner, both as best actress in a motion picture drama -- first in 1989, for "The Accused," then in 1992 for "The Silence of the Lambs." In addition, Foster was nominated five other times, most recently in 2011 for best actress in a comedy or musical for "Carnage."
Her other film credits include "Alice Doesn't Live Here Anymore," "Taxi Driver," "Sommersby," "Maverick," "The Inside Man" and "The Beaver."
Foster is a four-time Academy Award nominee, and won the Oscar for "The Accused" and "The Silence of the Lambs."
The 70th Annual Golden Globe Awards will be presented Jan. 13 at the Beverly Hilton Hotel.
Notable deaths of 2014 [PHOTOS]
'Vacation' re-boot starts shooting in Georgia