Oscar de la Renta to Receive Carnegie Hall Medal of Excellence

Astrid Stawiarz/Getty Images

The legendary fashion designer will be recognized for his leadership in business and philanthropy.

Oscar de la Renta will receive the Carnegie Hall Medal of Excellence, in recognition of his leadership in business and philanthropy, it was announced Monday.

The legendary fashion designer will receive the award from Carnegie Hall's Board of Trustees Chairman Sanford Weill at a gala benefit on April 24, 2014.

STORY: Clinton Presidential Center to Host Oscar de la Renta Fashion Exhibit

“As a beloved and dedicated trustee, Oscar has lent his creative talent to furthering Carnegie Hall’s mission since 1987. He is a true visionary who has made incomparable contributions to society and has altered countless lives around the world," Weill said in a statement.

The award ceremony will be followed by a performance by Julio Iglesias, his first at Carnegie Hall in 25 years.

Oscar de la Renta said of the gala's lineup, “Julio is like a brother to me. I am unbelievably honored that he will be joining me at Carnegie Hall, a place with an extraordinary soul, that for me holds a very special meaning.”