Past recipients of the outstanding contribution award include Sir Sean Connery, Brian Cox and Robbie Coltrane.
Late composer John Barry, best known for his contributions to the James Bond films, was honoured posthumously with an outstanding contribution to music award.
Tessa Ross, who produced Danny Boyle's Slumdog Millionaire and Shame starring Michael Fassbender, will receive the Outstanding Contribution to Cinema Award at the 10 February ceremony.
This Is England director Shane Meadows was honoured with the outstanding contribution to British film award.
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Bristol dance music collective Massive Attack won the outstanding contribution to British music award.
Winning Ryder Cup captain Ian Woosnam won the merit award for outstanding contribution to Welsh sport.
They headlined Glastonbury in 2009 and last year received a Brit Award for outstanding contribution to music.
Sir Michael Gambon was awarded the Richard Harris Award for outstanding contribution by an actor to British film.
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One act is already certain of a prize - the Eurythmics will receive an Outstanding Contribution to the Music Industry award.
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John Humphrys, whose interview with Entwistle on Radio 4's Today programme preceded the DG's resignation later that day, won the Harvey Lee Award for outstanding contribution to broadcasting.
Married couple Timothy West and Prunella Scales were honoured with The Stage award for outstanding contribution to British theatre, to recognise their longstanding commitment to theatre outside London.
As well as inducting the four into the Hall of Fame, the Radio Academy will also be announcing the winner of the PRS John Peel award for outstanding contribution to music radio.
He will be given the award for his outstanding contribution to television and film.
Dench will receive the Crystal Globe award for her outstanding contribution to world cinema at a ceremony later.
He has also won the National Film Award for best music direction, for the film Refugee (2001), and received the Filmfare Special Jury Award in 2000 for his outstanding contribution to music.
Bragg, known for his political lyrics, was awarded the Roots Award - in recognition of "an outstanding contribution to Folk Music from a Grass Roots level upwards".
Mr. Saret received a Vivien Award from the National Press Club in recognition of his outstanding contribution to the Forums Committee.
The Association of Town Centre Management confirmed the award and praised Hull Truck Theatre in particular "for its outstanding contribution" to entertainment for city centre users.
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