SANTA MONICA, Calif - Toronto-born Neil Young, 63, who has never won a Grammy, will be honoured as the 2010 MusiCares Person of the Year with a gala dinner and a concert just prior to next year's Grammys.

The award, given by the MusiCares Foundation and the Recording Academy, which organizes the Grammys, recognizes artistic accomplishments as well as philanthropic work.

Young becomes the first Canadian to ever receive the honour, following such past winners as Bono, Quincy Jones, Elton John and Aretha Franklin.

Neil Diamond received the award this year and performed "Sweet Caroline" during the telecast.

The Grammys will be held on Jan. 29, 2010 in Los Angeles.

"It is an honour to celebrate the extraordinary legacy of Neil Young at our 20th annual MusiCares Person of the Year tribute," Recording Academy president Neil Portnow said in a release.

"Neil has set a standard of artistic integrity and iconoclastic creativity for more than four decades, and his achievements have been matched by his unwavering humanitarianism."

"He is a shining example of how music people offer their creative gifts to the world, and how they also give back through their commitments to charitable endeavours."