Ben Stiller, Olivia Wilde and this year’s first-time Downloading Nancy nominee Maria Bello will be among those presenting Film Independent Spirit Awards at the March 5 ceremony, PEOPLE has learned exclusively.

Other presenters announced Friday are Emile Hirsch, former nominee Marisa Tomei and two-time winner (for Drugstore Cowboy and Crash) Matt Dillon.

With Precious and The Last Station leading the nominations, this year’s event – to be hosted by comedian Eddie Izzard from the LA Live event deck in downtown Los Angeles – marks the 25th anniversary of the Independent Spirit Awards, which recognizes achievement in indie movies.

The Film Independent Spirit Awards will air live and uncut on Friday, March 5, at 8 p.m. PT/11 p.m. ET on the Independent Film Channel (IFC). The Oscars will air two days later on ABC.