By Maureen Lee Lenker
March 01, 2018 at 02:19 PM EST
Dimitrios Kambouris/Getty Images; Carolyn Cole/Los Angeles Times/Getty Images

Martin Scorsese is about to add another award to his impressive collection.

The renowned filmmaker will receive the inaugural Robert Osborne Award at the 2018 TCM Classic Film Festival in recognition of his contributions to preserving classic cinema, both as a film preservationist and a classic movie fan. Scorsese will be the first recipient of what will become an annual award named after the late TCM host Robert Osborne,  celebrating the work of those who have helped preserve the cultural heritage of classic films.

“I am truly honored to be the first recipient of the Robert Osborne Award,” said Scorsese. “I started The Film Foundation 28 years ago in order to preserve and share cinema’s history with audiences of the present and the future. Bob and TCM have always been trusted allies in this mission. I always loved watching Bob’s introductions and interviews on TCM because you could immediately feel that this was someone who knew movie history, who wanted to share that knowledge and pass it on, and – most importantly – who truly loved movies. Bob was a true believer in the cinema, so to receive this award in his name means a great deal to me.”

A celebrated director in his own right and Oscar winner for 2006’s The Departed, Scorsese is also an avid film preservationist. He founded the nonprofit The Film Foundation in 1990, which has partnered with archives and studios around the world to preserve and restore films and pass motion picture history on to the next generation.

“In addition to his status as perhaps the definitive filmmaker of his generation, Martin Scorsese possesses an encyclopedic knowledge of film history,” added TCM host Ben Mankiewicz. “And he has turned that passion for movies into a commitment for preservation, working tirelessly to restore and preserve the world’s cinematic heritage. Both Martin and Robert have helped ensure that classic film will continue to be experienced as it was meant to be seen, for years to come.”

Scorsese will be presented with the award at the opening night of the 2018 TCM Classic Film Festival on April 26 in Hollywood.