The honor will be bestowed at the Hollywood Film Awards gala ceremony Oct. 21 at the Beverly Hilton Hotel in Beverly Hills, Calif.
"It is a privilege to honor Julia Roberts for her brilliant and passionate performance in 'August: Osage County.' Julia continues to shine as one of Hollywood's most gifted actresses," Carlos de Abreu, founder and executive producer of the 17th annual Hollywood Film Awards, said in a statement.
Roberts' film credits include "Ocean's 11," "Erin Brockovich," "My Best Friend's Wedding," "Hook" and "Pretty Woman."
Swim Week Miami Beach 2014 [PHOTOS]