The 68-year-old singer/actress will receive the prize at a ceremony held on February 11, 2011 where she will be a guest of honor.
Legendary entertainer Barbra Streisand will be feted as the 2011 MusiCares Person of the Year in recognition of her career achievements and extensive charity work. The singer and actress will be the guest of honor at the February 11, 2011 ceremony, which will be hosted by The Recording Academy - the organization behind the Grammy Awards - and the MusiCares Foundation in Los Angeles.
The 68-year-old has won a slew of accolades since rising to fame in the 1950s, including eight Grammys, two Oscars, four Emmys and a Tony Award. To date, she has sold more than 140 million albums worldwide, earning her the title as the best-selling female artist on the Recording Industry Association of America's (RIAA) Top Selling Artists list.
The "Funny Girl" star is also the founder of The Streisand Foundation, which gives grants to various U.S. organizations working to protect issues such as the environment, civil rights and women's issues. Next year's MusiCares ceremony, comprising of a dinner and concert, takes place two days before the 53rd annual Grammy Awards on February 13, 2011. Veteran singer-songwriter Neil Young was honored at the 2010 event.