The American Film Institute has announced that legendary film actress Jane Fonda will be the recipient of the 2014 Life Achievement Award, which annually honors individuals for their lifetime contribution to motion pictures and television.

Fonda, a two-time Oscar winner and daughter of former AFI Achievement recipient Henry Fonda, will be presented with the award on June 5th, 2014 in what is sure to a star-studded affair.

Howard Stringer, chairman of the AFI’s board of trustees, describes Fonda as “American film royalty,” and goes on to say that “the world watched as she found her own voice and forged her own path as an actor and a cultural icon.”

Fonda will only be the eighth woman to receive the award with the last female recipient being Shirley MacLaine in 2012. Past winners also include Steven Spielberg, Clint Eastwood, Tom Hanks, and Meryl Streep.

Fonda is best known for her roles as a sexual crime-stopper in the 1968 cult-classic Barbarella and as a conflicted military wife in Coming Home (1978), a role which earned her an Academy Award for lead actress.

Fonda recently appeared as Nancy Reagan in Lee Daniels’ The Butler and has guest-starred as a reoccurring character on HBO’s The Newsroom, for which she won an Emmy.

Full list of AFI Life Achievement Award recipients