It was announced on January 21 that the "Inception" star would be honoured by the university's Hasty Pudding Theatricals organisation, reported Female First.
Every year, the company chooses one actor and one actress to 'roast' in a hilarious ceremony at Harvard Square.
On February 5, Joseph will take home his pudding pot.
Hasty Pudding Theatricals said in a statement, "The Pudding is excited to honour a performer who is not only a talented actor but also a visionary entrepreneur who developed a revolutionary platform for artistic content creation and distribution."
"Perusing the impressive list of past Hasty Pudding Men Of The Year, I'm simultaneously struck with intense delusions of grandeur and mild waves of humility," Joseph, 34, said in a statement.
The "3rd Rock from the Sun" actor first shot to fame when he starred in 1992 movie "A River Runs Through It", before the sitcom transformed him into a household name.
He has since starred in films such as "(500) Days of Summer", "Looper" and "The Walk", with his next project seeing him star as Edward Snowden in Oliver Stone's "Snowden".
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