The band -- Jay DeMarcus, Gary LeVox and Joe Don Rooney -- will receive the award May 18 during the 43rd annual ACM Awards in Las Vegas.
Rascal Flatts was selected for the community service and charitable activities, including donating more than $2.2 million of the proceeds from their Nashville concerts to Monroe Carell Jr. Children's Hospital at Vanderbilt, Billboard reported. The band also hosts an annual Disney-themed party and concert for children, as well as participate in the Make-A-Wish Foundation and the Red Cross National Celebrity Cabinet.
As the award recipient, Rascal Flatts will be honored with a playground donated by Home Depot and the company's national non-profit partner KaBOOM!, which helps business and communities build safe and accessible playgrounds.
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