Organizers presented Jolie with a special award for bringing attention to refugees from the country's 1992-1995 war. Jolie is also a UN Goodwill Ambassador.
Pitt and Jolie have visited Bosnia several times last year and drew attention to the plight of 117,000 people who haven't been able to return to their homes.
The Sarajevo Film Festival began in 1994 as an effort to offer citizens some sense of normal life.