The women’s liberal arts school near Philadelphia announced that Smith will receive the 2013 Katharine Hepburn Medal.
The college on Wednesday called Smith “a trailblazer in the male-dominated world of rock ‘n’ roll.” She also wrote a critically acclaimed memoir in 2010.
Bryn Mawr will award the Hepburn Medal to Smith at a campus event on Feb. 7. A performance for students is being planned.
The medal is given to women who embody “the intelligence, drive and independence” of the Oscar-winning college alumna for whom it is named.
Hepburn graduated from Bryn Mawr in 1928. Previous winners include actresses Lauren Bacall and Blythe Danner.