The actress also pretended to take a spoof version of the SAT exam before receiving her award.
She said "This is the closest I'll get to a Harvard degree for sure."
Ben Stiller will be honoured as Harvard's Hasty Pudding Man of the Year on Feb. 23.
The honours are given to actors who make a lasting contribution to entertainment.
Last year's honourees were Halle Berry and Richard Gere.