The honor will be bestowed on the pop icon at the Library of Congress in April.
The Midnights star is the first artist to win the international award three times.
The show will be hosted by social media personality Charli D’Amelio and football commentator Nate Burleson.
Sources confirm the award will move out of the U.S. for the first time, and will likely take place in Sevilla.
Five artists have each made the top 10 with two Oscar-winning songs.
She has received 15 nominations to date, but has won just one award. Expect her winning percentage to improve next year.
This puts the show back in its traditional time slot – the first Sunday in January.
She is the first woman to serve as solo host of the show since Diana Ross in 2000.
Actor Khleo Thomas hosted the virtual event where trophies were handed out in the outstanding recording categories.
She won the best supporting actress award for "West Side Story" in 2022.
