Tom Petty is getting honored and will be the subject of a tribute concert.

FOX's Michelle Pollino reports:

Tom Petty is getting honored by the Recording Academy, who have chosen the singer/songwriter as its 'MusiCares Person of the Year'.

Petty was chosen for his contributions to music and to charitable causes. For the homeless, the three-time Grammy award winner, and his wife were given the Midnight Mission award in May 2011. Midnight Mission offers emergency help and drug and alcohol assistance programs for the homeless in the Los Angeles area.

Petty will be the subject of a tribute concert on February 10, which will benefit MusiCares, the Recording Academy's organization to help musicians in need.

Michelle Pollino, FOX News.

Follow Michelle Pollino on Twitter: @MichelleFOXEnt