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Streisand Named MusiCares’ Person of the Year

Eight time Grammy winner will be honored for her charitable work

Grammy and Oscar winner Barbra Streisand will need to clear out a little more space in her trophy cabinet.

Streisand has been named the 2011 MusiCares Person of the Year, the group announced on Thursday.

This time the pop diva is being honored for her philanthropy and not her golden vocals. Streisand will receive her award at the group’s 21st annual benefit gala, on Friday Feb. 11.

"Barbra Streisand is a genuine Renaissance woman, someone for whom artistry and philanthropy go hand in hand," Neil Portnow, president of the MusiCares Foundation, said in a statement.

Proceeds from the dinner and concert honoring Streisand — to be held in Los Angeles, two days prior to the Grammy Awards — will raise money for the foundation. MusiCares, was established by as established by the Recording Academy to help people in the music industry in times of need.

Streisand has raised and given millions of dollars to causes ranging from AIDS research to women’s rights to the environment.