The Taylor Swift Award represents only the second time that the BMI (Broadcast Music, Inc, which tracks airplay and collects royalties for artists) has created an award in a specific artist's name, having done so way back in 1990 for Michael Jackson.
The eponymous award recognises Swift's "artistic talent and influence" reported Billboard magazine.
Accepting the award at the ceremony, the 26-year-old singer said: "If they had chosen someone else to give the Taylor Swift Award to, I'd be kind of bummed about it."
"My favourite part is when I'm in the middle of a conversation with my friends and my eyes glaze over and I awkwardly run over to a corner," she continued in another speech as she accepted another award - Pop Songwriter of the Year.
"I have to explain to them that I have this issue called: 'I love song-writing so much that it interrupts my daily life'.