The 34-year-old Puerto Rican pop star will receive the honor at a dinner and concert in New York City on Nov. 1. A portion of the evening's proceeds will benefit Martin's charitable efforts.
"His musical accomplishments are matched by his endeavors as an advocate for the welfare of children around the world," Latin Recording Academy President Gabriel Abaroa said in a statement Thursday. "It is a great pleasure to honor this man of limitless talent, passion and sense of caring."
Martin is best known to U.S. audiences for his dance hit "Livin' la Vida Loca," and he is considered one of the most successful Latin music crossover acts.
In 2004, his foundation launched People for Children, which works toward the elimination of human trafficking, especially trafficking of children. He has also served as a goodwill ambassador for UNICEF.