The 45-year-old actor, who also remains active as a musician and comedian, is set to receive the award at the ceremony which will be held on April 14, reported Ace Showbiz.
"As a comedian, Academy award-winning actor and Grammy award-winning artist, Jamie Foxx is a triple threat superstar unlike any we've seen in a long time," said Stephen Friedman , MTV President, in a statement.
The previous awardees are Johnny Depp, Reese Witherspoon, Sandra Bullock, Ben Stiller, Adam Sandler, and Tom Cruise.