By Madeline Raynor
September 28, 2016 at 05:38 PM EDT
Harmony Gerber/WireImage

Tom Petty will be honored as the 2017 MusiCares Person of the Year at the organization’s annual gala and concert Feb. 10, two days before the 59th annual Grammy Awards.

MusiCares provides services to people in the music industry going through financial, medical, and personal emergencies. Petty, a three-time Grammy winner, is being honored by the organization for his music career, his interest in defending artists’ rights, and his charitable work, which has been focused on combatting homelessness in L.A. 

“Tom burst into our musical consciousness and never let go,” Neil Portnow, president/CEO of the Recording Academy and MusiCares, said in a statement. “His brand of rock and roll benefits from a celebratory rebelliousness, infectious rhythms, and unforgettable lyrics that are incised in our imaginations. His artistic talents coupled with his quiet philanthropy make him a great MusiCares Person of the Year honoree, and we are very fortunate to have the support of our Board, past honorees and the musical community around this special event.”

“I am so very pleased to be honored as the MusiCares Person of the Year,” Petty added. “I have so much respect for this organization, which really does care about the people in our industry. I myself know many people who MusiCares has aided in desperate situations. Again, let me say, this is a true honor.”

Lionel Richie received the honor in 2016.