The Crash star was handed the Outstanding Achievement in Cinema Award from the Savannah College of Art and Design, and the actor spoke of his pride at receiving the accolade.
He told the audience, "It's really, truly an honour. I'd like to thank SCAD and everybody for putting this together. I was told that the Savannah Film Festival is the largest film festival that's sponsored by a university. I think it's really wonderful.
"I think being an actor and being able to come down here and talk to aspiring filmmakers as an actor and as a filmmaker, it's really great, it's really special. It makes it so much better than your typical film festival."
John Goodman and Diane Lane also picked up Outstanding Achievement awards during the festival.
Meanwhile, comic book icon Stan Lee was honoured with the Lifetime Achievement Award and actress Michelle Monaghan landed the Spotlight Award.