Country singer Trisha Yearwood will also be inducted.
The gala concert will feature the Hollywood Bowl Orchestra conducted by principal conductor John Mauceri. Also scheduled to perform are Bell, who will perform music from John Corigliano's score for The Red Violin; crossover crooner Josh Groban; and bandleader Quincy Jones, who will lead a tribute to Frank Sinatra.
Previous inductees to the six-year-old Hollywood Bowl Hall of Fame include John Williams, Marilyn Horne, Kathleen Battle, Leopold Stokowski, and Sarah Chang.
Tickets for the concert are $15-$97; tickets for the concert and a pre-concert reception and dinner are $425-$1,500.