Four-time Grammy-winning band Aerosmith will be honored as the 2020 MusiCares Person of the Year.

The tribute will take place during the 30th Anniversary MusiCares benefit gala on January 24, two nights ahead of the 62nd Annual Grammy Awards telecast, MusiCares announced Friday.

In the midst of celebrating 50 years as a band, Aerosmith will be recognized for their considerable philanthropic efforts over five decades and undeniable impact on American music history.

Over the years, Aerosmith has shown support for a number of charity organizations around the world.

The band made a surprise announcement about the honor on stage during their Park MGM Las Vegas residency Aerosmith: Deuces Are Wild on Thursday night.

The MusiCares 30th anniversary benefit gala will begin with a reception and silent auction, followed by a gala dinner, a tribute concert featuring renowned musicians, and the award presentation.

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