The benefit show is presented by both The Bob Woodruff Foundation and The New York Comedy Festival. It raises both money and awareness for the foundation. The Bob Woodruff Foundation's mission is "to help veterans and military families thrive" is especially vital as veterans face increased challenges due to the COVID-19 pandemic," according to its website.

As per usual, former Daily Show anchor Jon Stewart will host the event. The 2020 edition will feature the comedians Iliza Shlesinger, Ronny Chieng, Tiffany Haddish, and Nate Bargatze. It will also feature musicians Bruce Springsteen, Patti Scialfa, Sheryl Crow, Brad Paisley and Mickey Guyton. The Duke of Sussex Prince Harry, author Jeannie Gaffigan, and comedian Ray Romano will also make appearances as special guests.

"We're doing it virtual this year, but that doesn't mean that Stand Up for Heroes isn't gonna have amazing performances," Stewart said in a promo clip for the show.

Besides performers, the show will also pay tribute to those the fundraiser is for. "The event will also highlight inspiring moments, memorable surprises, and stories of resilience while recognizing the men and women who have served in our nation's military," a press release stated.

"For the last 14 years, the Stand Up for Heroes event has continued to inspire our nation and serves as a reminder of all of the brave individuals that have defended our country selflessly in our military," ABC News correspondent and the organization's founder Bob Woodruff said in a press release received by Newsweek. "This year, it is especially important that we unite to show support for their sacrifices as we come together virtually to stand up for our heroes."

Since it first began in 2007, Stand Up For Heroes has raised over $55 million for veterans. Past installments have featured performances by the likes of Whoopi Goldberg, Jerry Seinfeld, John Mayer, the Red Hot Chili Peppers and many more. Past live shows have been held at iconic New York City venues: Town Hall, the Beacon Theater, and the Theater at Madison Square Garden.

The event will begin at 9 p.m. EST on Wednesday November 18. The event will air on ABC News Live. It will also stream on TikTok, Facebook, Cheddar, Twitch, the Armed Forces Network, and YouTube.

Executive producers include David Clark, Jesse Collins, Anne Marie Dougherty, Andrew Fox, Dionne Harmon, Caroline Hirsch, Jeannae Rouzan-Clay, Chantel Sausedo and Bob Woodruff.