Paul McCartney will be honored as MusiCares person of the year during Grammy week next year.
The former Beatle will not only be honored for his music but also for his charitable side. Recording Academy President and CEO Neil Portnow says McCartney "exemplifies the phrase 'artist/philanthropist.'"
The annual event celebrates a legend in the days before the Grammy Awards. Previous honorees include Aretha Franklin, Barbra Streisand and Neil Diamond. An array of music stars pay tribute by singing their songs, and the honoree sometimes performs as well.
MusiCares helps musicians who are struggling due to financial, medical or other reasons.
McCartney issued a statement accepting the honor. "I've been given a great gift - a life making music - and it's my privilege to try to make the world a better place by giving back," said McCartney. "For more than 20 years, MusiCares has helped so many music people in times of crisis - whether with emergency financial assistance or access to addiction recovery resources - and it is an honor to be recognized as the 2012 MusiCares Person of the Year."
The announcement was made Tuesday.
The awards will be presented in Los Angeles.