Springsteen to be honored as MusiCares Person of the Year Friday

This Friday, Bruce Springsteen will the be the guest of honor at MusiCares Person of the Year gala, a dinner, concert and silent auction that will raise money for musicians in need.

A long list of music industry stars will pay tribute to Springsteen by performing during the benefit concert, including Alabama Shakes, Zac Brown, Jackson Browne, Ken Casey, Kenny Chesney, Ben Harper, Emmylou Harris, Faith Hill, Jim James, Elton John, Juanes, John Legend, Natalie Maines, Tim McGraw, Tom Morello, Mumford & Sons, Patti Smith, Mavis Staples, Sting, Eddie Vedder, and Neil Young.

Jon Stewart will host the tribute to Springsteen, one of his personal heroes and a fellow New Jersey native.

The annual event kicks off a weekend of Grammy festivities in Los Angeles that will culminate in the annual awards show on Sunday night. The Grammy Awards show will be broadcast on CBS at 8 p.m. ET.

The MusiCares tribute concert is not scheduled to be broadcast. In past years, it has been filmed to be released later as a DVD as a fundraiser for MusiCares. No word yet on whether this year's tribute to Springsteen will be available later.

During the gala dinner, a live auction will feature an exciting array of items and celebrity memorabilia, including a customized Acura RLX. One of the items to be auctioned is a painting by artist Zhenya Gershman, who was selected by MusiCares to create a portrait of this year’s honoree Bruce Springsteen. Read about her and see this portrait of Springsteen and others here.

The MusiCares Person of the Year tribute is one of the most prestigious events held during Grammy Week. Proceeds from the annual Person of the Year tribute — now in its 23rd year — provide essential support for MusiCares, which ensures that music people have a place to turn in times of financial, medical and personal need.

Past MusiCares Person of the Year honorees are Tony Bennett, Bono, Natalie Cole, Phil Collins, David Crosby, Neil Diamond, Gloria Estefan, Aretha Franklin, Don Henley, Billy Joel, Elton John, Quincy Jones, Paul McCartney, Luciano Pavarotti, Bonnie Raitt, Paul Simon, Sting, Barbra Streisand, James Taylor, Brian Wilson, Stevie Wonder, and Neil Young. It's the 23rd year the gala tribute has been held.