Hwang will join a list of previous award winners including such legends as Helen Hayes, Herb Albert, Cab Callaway, Cameron MacKintosh, Ravi Shankar, and Regina Carter.
Hwang is best known for winning a Tony Award for best play for M. Butterfly. He is a three-time OBIE Award winner and a two-time finalist for a Pulitzer Prize in Drama.
The award will be presented at the 2015 New York Congress. Dynamic Leadership, Creating The Future conference next week in New York City.