The 70-year-old, once deemed "the most powerful pundit in America", will receive the second Vanguard Leadership Award at a Sundance benefit in June.
"When I started Sundance in 1980, and when few would support us, Roger was there," said Robert Redford, president of the Sundance Institute.
The inaugural award went to Sundance trustee George Gund earlier this year.
Ebert, a Pulitzer Prize winner for criticism, has been the Chicago Sun-Times film critic since 1967.
He remains best known for his TV double act with fellow reviewer Gene Siskel, who died in 1999, which saw the pair use a "thumbs up" or "thumbs down" system to rate the films they saw.
He went on to present alongside Richard Roeper, but stood down from their joint television show after undergoing surgery for complications arising from thyroid cancer, which left him unable to speak.
He has written a number of books and was awarded a star on the Hollywood Walk of Fame in 2005.
In 2008, he became an honorary life member of the Directors Guild of America.
Here are some of his most notorious cinematic critiques:
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