Keys' selection was announced Wednesday by Hal David, chairman and chief executive officer of the Songwriters Hall of Fame. The awards dinner will be held June 9 at the Marriott Marquis Hotel.
Inductees at this year's event include Steve Cropper, John Fogerty, Isaac Hayes and David Porter, Richard and Robert Sherman, and Bill Withers.
Les Paul will receive the lifetime achievement award.
The National Academy of Popular Music/Songwriters Hall of Fame was founded in 1969 by songwriter Johnny Mercer and publishers Abe Olman and Howie Richmond.
Inductees have included Carole King, Bob Dylan, Billy Joel, Elton John, Bernie Taupin, Brian Wilson, James Taylor, James Brown, Curtis Mayfield, Paul Simon, Jim Croce, Phil Collins, Sting, Randy Newman, Hal David, Burt Bacharach, Barry Manilow and Barry Mann and Cynthia Weil.