The rocker will be presented with the Stevie Ray Vaughan Award for his support of the organisation's MAP Fund, which provides musicians access to addiction recovery treatment.
Bennington, who has previously battled substance abuse issues, says, "MusiCares MAP Fund is an amazing program that takes care of their own, and actually saves lives. It's been so rewarding to support them and see firsthand what they've accomplished for so many artists."
The singer will receive his award during the MusiCares MAP Fund benefit concert in Los Angeles on 30 May (13). MusiCares provides help and support for musicians in times of financial or medical need.