Los Angeles, Australian actor and producer Cate Blanchett will be honored with the TIFF Share Her Journey Groundbreaker Award at the 49th Toronto International Film Festival.

The two-time Oscar winner, who has been a part of the 'Elizabeth' franchise in films like 'Tar', 'The Aviator', 'Blue Jasmine' and 'Thor: Ragnarok', will receive the honor on September 8. Fairmont Royal York Hotel in Toronto, Canada.

As Deadline reports, its proceeds will be donated to TIFF's Every Story Fund, which supports diversity, equity, inclusion, and belonging in film.

The TIFF Share Her Journey Groundbreaker Award recognizes a trailblazing woman in the motion picture industry who has advanced the careers of others and paved the way for the next generation.

Blanchett, 55, will also take part in the In Conversation With... program, looking back at her career.

"Cate Blanchett is a marvel. One of the finest actors in film history, she has consistently demonstrated range, depth and audacity on screen. Off screen, she has been a tireless champion of increased equity and justice in many areas.

“Cate's passion for the transformative power of storytelling, and her commitment to breaking barriers for women, aligns with the goals of our Share Her Journey initiative. We are pleased to honor Cate Blanchett with this year's Share Her Journey Groundbreaker Award Huey is honored, and can't wait to welcome them back to Toronto," said TIFF CEO Cameron Bailey.

Actors Patricia Arquette and Michelle Yeoh are previous recipients of the award, which was introduced in 2022.

TIFF will begin on September 5 and end on September 15. Established in 1976, the festival is held every year during September and is one of the most prestigious film festivals in the world.