Penghargaan National Board of Review ke-12
22 Desember 1940
Penghargaan National Board of Review ke-12 diumumkan pada 22 Desember 1940.

Film Amerika Terbaik 
 The Grapes of Wrath
 The Great Dictator
 Of Mice and Men
 Our Town
 Fantasia
 The Long Voyage Home
 Foreign Correspondent
 The Biscuit Eater
 Gone with the Wind
 Rebecca

Catatan

Pranala luar 
 National Board of Review of Motion Pictures:: Awards for 1940

1940