Wait, hold the phone, The BMI’s have created an award in Taylor Swift‘s name? How amazing is that?! What’s more amazing is that it has only been done one other time in the BMI’s 76 year history! The first was in 1990 to Michael Jackson!

BMI Vice President of Writer/Publisher Relations Barbara Cane said in a statement:

Taylor Swift has transformed pop culture through her songs, artistry and indomitable spirit. She has had a profound impact, not only musically, but also through her personal conviction and commitment to create a standard that values and respects music for everyone. We felt it appropriate to award Taylor with an honor that is as unique and special as she is.

The award will be presented to Swift in “recognition of her incomparable creative and artistic talent and influence on music lovers throughout the world.”

The 64th Annual BMI Pop Awards is a private event and will recognize the songwriters and publishers of the past year’s most-performed pop songs in the United States from BMI’s repertoire of more than 10.5 million musical works. The BMI Pop Song, Songwriter, and Publisher of the Year will be named during the ceremony. The event takes place May 10th and will not be televised.

Taylor Swift is a ten-time GRAMMY winner and the youngest recipient in history to receive the music industry’s highest honor, the GRAMMY Award for Album of the Year, and the only female to win it twice. The first artist since the Beatles (and the only female artist in history) to log six or more weeks at No. 1 with three consecutive studio albums and the only artist in history to have an album hit the one million first-week sales figure three times: 2010’s Speak Now, 2012’s RED and 2014’s 1989. She’s been named Billboard Magazine’s Woman of the Year (the only artist to receive this nod twice, and their youngest-ever honoree), and one of Time Magazine’s 100 Most Influential People in the World. She is the recipient of seven BMI Awards, including the prestigious President’s Award in 2009, Songwriter of the Year in 2014 and multiple Song of the Year honors for both Pop and Country. via BMI.com