The American Film Institute will honor Meryl Streep with its 32nd Life Achievement Award. The film organization’s board of trustees selected the 54-year-old star to receive its highest honor. Streep is set to accept the award June 10 at the Kodak Theater in Hollywood in a ceremony that will air on USA Network. “Her talent, range and determination to master her craft bring out performances that sometimes border on the ethereal,” trustee chair Howard Stringer said Friday. “In that sense, she is truly peerless.” More information can be found at www.afi.com