The Titanic star will be feted by The Actors Company Theatre (TACT) officials at their annual Spring Gala during a prestigious ceremony in Central Park.
During the event, Garber will be knighted with the Order of the TACT Empire, joining previous honourees such as comedian Jerry Stiller and actress Angela Lansbury.
A message from the organisation's selection committee reads, "This year's honouree, the prodigiously gifted Victor Garber, was already a show business veteran when he made an indelible mark as Jesus in Godspell at the advanced age of 21. Since those tie-dyed days of the 1970s, his singular gifts have made him a bone fide star of Broadway musicals, the legitimate stage, television and film.
"His easy grace, natural wit and intelligence have informed every role he has inhabited from Shaw to Sondheim, from hero to villain, innocent youth to cynical spy, and we have believed him in every incarnation. His performances have garnered him multiple Tony and Emmy nominations, his friends and admirers are legion, and we at TACT are among his biggest fans."