The 49-year-old star is set to travel to the festival's 25th edition at Palm Springs Convention Center on January 4 to receive the honor alongside actor Matthew McConaughey, reported Ace Showbiz.
"Sandra Bullock is the epitome of cinematic talent and versatility. In her latest and arguably most demanding role as first-time astronaut Dr Ryan Stone in 'Gravity', Bullock faces the primal nightmare of being stranded in space with no apparent way of returning," PSIFF festival chairman Harold Matzner said in a statement.
In receiving the award, Bullock is following the footsteps of actresses like Halle Berry, Marion Cotillard and Anne Hathaway.
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