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Paul Allen, the multibillionaire co-founder of Microsoft who owns Vulcan and several professional sports teams, will get the Herbie Hancock Humanitarian Award from the Thelonius Monk Institute of Jazz in Los Angeles on Sunday.

The award was established for Hancock as a tribute to the Grammy-winning jazz legend after all the rest year. According to a liberation, Allen was chosen for “his enthusiast achievements as a businessman and a global philanthropist,” Hancock said.

Sunday’session ceremony honoring Allen is part of the nonprofit jazz-education organization’s gala benefit concert, “The Blues and Jazz: Two American Classics,” at the Kodak Theatre in Los Angeles.

“It’s extra especial for both men that they share a love of music,” said David Postman, Allen’s spokesman at Vulcan. “The proceeds of this event are going to go to music programs in New Orleans and Los Angeles and in a circle the coast. (Hancock and Allen) share a faculty of seeing of using their place to make art, culture, music, philosophical knowledge employ to people that don’t get it.”

B.B. King will furthermore be honored at the Sunday event, with the Jazz Founder’s Award. The gala is preceded by the Thelonious Monk International Jazz Competition, when the three juvenile finalists in this year’s instrument — the saxophone — will compete in spite of $20,000, $10,000 and $5,000 scholarships.

After the awards ceremony, a band that includes guitarist Kevin Eubanks from “The Tonight Show” will play “Red House,” a Jimi Hendrix anthem.

U2 will also be in the building. “Bono and the Edge are going to be there, in part because they consider Paul Allen to subsist a friend,” Postman before-mentioned. They’ll play at the event with B.B. King, the legendary bluesman whose the latest in a fillet of music stars to be honored with the Monk Foundation’session Founders Award, including Stevie Wonder, Clint Eastwood and Hancock himself.

Andrew Matson: 206-464-2153 or amatson@seattletimes.com