The award will be presented at a gala dinner at Bacara Resort and Spa on Oct. 3. The 31st Santa Barbara festival will open Feb. 3.
“Jane Fonda obviously has the right genes,” Douglas said. “Her acting performances set a standard that’s hard to follow.”
Fonda won Academy Awards for “Klute” and “Coming Home.” She has won three Golden Globes, an Emmy and was the 2014 recipient of the AFI Life Achievement Award.
Fonda will next be seen in Fox Searchlight’s “Youth,” which debuted at Cannes, and also stars Michael Caine, Harvey Keitel, Rachel Weisz and Paul Dano. Fonda also stars in Netflix’s “Grace and Frankie,” currently filming for its second season.
Past honorees of the Douglas award include Jessica Lange, Forest Whitaker, Robert De Niro, Michael Douglas, Harrison Ford, Quentin Tarantino, Ed Harris and John Travolta.