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Jimmy Fallon, Jerry Seinfeld and Wanda Sykes are among people who are present when Leno receives his prize at the Kennedy Center in Washington.
The former 'Tonight Show' host will be back on TV with a show tentatively titled 'Jay Leno's Garage' in 2015.
The former 'Tonight Show with Jay Leno' star is close to sign a deal as the host of a new show that focuses on his love of cars.
The parody of the Netflix series aired on 'The Tonight Show' Tuesday night, during which Fallon also paid tribute to the late Robin Williams.
The former 'Tonight Show' presenter is set to be feted in a ceremony taking place on October 19 this year.
Leno speaks at the rally outside the posh hotel to slam its owner Sultan Hassanal Bolkiah for applying a severe anti-gay law in Brunei.
Leno pays a visit to 'The Arsenio Hall Show' to reveal that the show has been officially picked up for season 2, jokingly saying that he's going to host the show in the second season.
More than 14 million people watched as Leno bid farewell to his audience in the episode featuring Kim Kardashian, Oprah Winfrey, Billy Crystal and more.
Kim Kardashian, Sheryl Crow, Jim Parsons and Oprah Winfrey pay a touching tribute to Leno by singing a 'Sound of Music' parody.
Nearing his final episode on 'Tonight Show', Leno also gets a goodbye present from fellow comedian Craig Ferguson that will keep him 'busy' if he gets 'bored.'
Bill Clinton has become target in 4,607 jokes made by Leno, followed by George W. Bush in the second place with 3,239 jokes.
Fallon also writes 'Thank You' notes for his predecessor while stopping by 'Tonight Show' as a guest on Monday night.
Billy Crystal and Garth Brooks will help Leno bid farewell to 'Tonight Show' audience, while Fallon books Will Smith and U2 to appear in his first episode on February 17.
The president of CNN Worldwide also hits back at Fox News' Roger Ailes who claimed CNN's getting out of news business.
The 'Veep' star and the 'Tonight Show' host are among six inductees to be honored at a March 2014 ceremony.