The Isabelle Stevenson Award recognizes members of the theater community who have made contributions to humanitarian causes.
O'Donnell, a longtime Broadway fan who won a 1999 Emmy for hosting the Tony's, founded Rosie’s Theater Kids, an organization that provides New York City public school students with opportunities to learn dance, music and drama.
"Rosie exemplifies the spirit and the generosity of the Broadway community through her 'pay it forward' mentality within the arts community and beyond," Broadway League Executive Director Charlotte St. Martin and American Theatre Wing Executive Director Heather Hitchens said in a statement.
The 52-year-old actress, comedian and former television personality has starred in several Broadway productions, including Grease and Seussical.
2014: The Year in Music [PHOTOS]