Roger Federer and Caroline Wozniacki are currently making make runs at the 2014 US Open singles titles, but win or lose, they’ll both leave New York with at least one trophy in hand.

Federer, the five-time US Open champion, and Wozniacki, the former US Open finalist and world No. 1, were honored Tuesday with the third annual US Open Sportsmanship Awards. The USTA presents the awards to the male and female professional tennis players who best demonstrate excellence in sportsmanship throughout the Emirates Airline US Open Series and the US Open.

“With Roger and Caroline, it is incredible to see that two of tennis’ greatest competitors also share similar positive sportsmanship qualities even in the heat of battle,” said USTA Chairman, CEO and President Dave Haggerty. “Their sportsmanship and class both on and off the court make Roger and Caroline very deserving of this year’s US Open Sportsmanship Awards.”

In order to be eligible for the award, players must participate in at least two Series tournaments and the US Open. Federer wrapped up an impressive summer in North America by following up a final appearance in the Toronto Masters with a championship in Cincinnati. Wozniacki had another strong showing during the Series, making deep runs in Montreal, Cincinnati and New Haven. Both players are highly respected by their peers on tour.

Federer and Wozniacki will each receive a $5,000 donation to the charity of their choice. Last year Li Na and David Ferrer received the awards, while Bob and Mike Bryan and Samantha Stosur took home the honors in 2012.