The 56-year-old actress was the first actress to win the outstanding performance by a female actor prize at the SAG Awards in 1994

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The Screen Actors Guild Awards is getting some additional Hollywood royalty!

Jodie Foster, who in 1994 won the first SAG Award for outstanding performance by a female actor in a leading role, will present the award for outstanding performance by a cast in a motion picture, PEOPLE exclusively confirms.

Foster, 56, won for her performance in Nell. The nominees for the category she is presenting include A Star Is Born, Black Panther, BlacKkKlansman, Bohemian Rhapsody and Crazy Rich Asians.

Also presenting this year is the first ever best actor winner, Tom Hanks, who won for his performance in Forrest Gump.

Hanks, 62, is presenting the life achievement award to Alan Alda.

Kathy Connell, the longtime executive producer of the award show, tells PEOPLE, “It’s such an interesting year because there’s so much good television, there’s so much good film.”

She adds, “I have no idea who’s going to walk away with the actor this year.”

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Jodie Foster
| Credit: John Lamparski/Getty

Will & Grace star (and four-time SAG winner) Megan Mullally will assume hosting duties, following in the footsteps of Kristen Bell, who was the show’s first-ever host in 2018.

This year, Amy Adams, Emily Blunt and Emma Stone scored big, with each actress nabbing two nominations. Adams, 44, got nods for HBO’s Sharp Objects and her supporting turn in Vice.

Blunt, 35, made the cut in both the supporting and leading actress categories for her performances in A Quiet Place and Mary Poppins Returns, respectively.

Stone, 30, received a nomination on the TV side for her work in Maniac, as well as a supporting actress in a movie nod for The Favourite along with costar Rachel Weisz.

Join PeopleTV live on the red carpet on Sunday, Jan. 27, for PEOPLE, Entertainment Weekly & TNT Red Carpet Live: 25th Screen Actors Guild Awards, our exclusive live show before the big event. The red carpet show will begin at 5:30 p.m. ET/2:30 p.m. PT and will be available on PEOPLE.com, EW.com, tntdrama.com/sag-awards, sagawards.org and on PeopleTV, which is available on all your favorite streaming services.

The 2019 SAG Awards will air live at 8 p.m. ET on both TBS and TNT this Sunday.