Pink Houses singer Mellencamp has been named the recipient of this year's (16) ASCAP Founders Award, while pop act Walk The Moon will be handed the ASCAP Vanguard Award.

Mellencamp joins past recipients Burt Bacharach & Hal David, Jackson Browne, Elvis Costello, Billy Joel, Annie Lennox, Sir Paul MCCartney, Joni Mitchell, Tom Petty, and Tom Waits, while former Vanguard Award winners have included Arcade Fire, Beastie Boys, Beck, Bjork, Jack Johnson, and The Killers.

Top awards will also be presented for Songwriter of the Year and Song of the Year.