Chan, 62, the Hong Kong-born star of Hollywood movies such as "Kung Fu Panda", "The Karate Kid" and the "Rush Hour" franchise, will join documentary maker Frederick Wiseman, British film editor Anne V Coates and casting director Lynn Stalmaster as recipients of the 2016 Governors Awards.
Each will get an honorary Oscar statuette recognising their lifetime contribution to film at a gala in Los Angeles in November.
Academy President Cheryl Boone Isaacs in a statement called them all "true pioneers and legends in their crafts".