Taylor Swift was honored with the first Taylor Swift Award on Tuesday evening (May 10) at the 64th annual BMI Pop Awards. The award recognizes the singer's creative and artistic songwriting talent and was introduced as an honor "that is as unique and special" as she is.

"Thank you so much to BMI for giving me the Taylor Swift award," Swift said upon collecting the prize, pausing and smiling. "You know, I'm really super relieved that BMI decided to give me the Taylor Swift Award because if they had chosen someone else to give the Taylor Swift Award to I'd be kind of bummed about it."

While there, Swift posed for photos with her trophy with BMI President & CEO Mike O’Neill and BMI Vice President of Writer/Publisher Relations Barbara Cane. She wasn't the only one recognized for their songwriting talent — writing duo Mann & Weil received the BMI Icon Award. Carole King was also in attendance.

The BMI Pop Awards were held at the Beverly Wilshire Hotel in Beverly Hills, Calif. This is only the second time in BMI’s 76-year history that an award has been presented in someone’s name. The first was to Michael Jackson in 1990.

“Taylor Swift has transformed pop culture through her songs, artistry and indomitable spirit," Cane says in a statement. "We felt it appropriate to award Taylor with an honor that is as unique and special as she is.”

Swift captioned a video of her acceptance speech, saying, "BMI created an award called the Taylor Swift Award because BMI is very very nice."

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