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The two singers are also joined by Vince Gill, bassist Edgar Meyer and percussionist Eric Darken when performing the song at the annual event that is held in Nashville.
Other Hollywood beauties who steal attention on the red carpet include Lucy Hale, Kacey Musgraves, Sheryl Crow, Miranda Lambert and Kellie Pickler.
The 'I Knew You Were Trouble' singer will follow the footstep of fellow country singer Garth Brooks, who received the first Pinnacle Award back in 2005.
The country singer and the British singer join forces to perform their collaboration track, 'Everything Has Changed'.
Gere looks barely recognizable as he adopts a grandpa look for his drama film, while Swift looks different wearing a dark-colored wig when filming Philip Noyce's sci-fi movie.
Vince Gill and Alison Krauss join Sam Bush, Edgar Meyer and Eric Darken for Swift's November 6 performance.
The new song, which she co-writes with fun.'s Jack Antonoff, features the pop/country star singing about the rise and fall of a star.
Swift apparently will take part in the music school's programs, saying, 'We've been talking about different programs I can be involved in.'
The 'We Are Never Ever Getting Back Together' singer receives the honor after earning 14 top 30 songs between July 2012 and June 2013.
Other country stars, including Luke Bryan, Miranda Lambert, Tim McGraw, Jason Aldean and Little Big Town, will also make appearances at the event that will be held in Nashville on November 6.
The country-pop superstar, despite her many past celebrity boyfriends, has yet to find 'the one.'
The '22' singer is the latest addition to the upcoming adaptation of a dystopian children's book by Lois Lowry.
The two young friends are joined by the male cast Douglas Booth, Ed Westwick and Kodi Smit-Mcphee among others.
The 'I Knew You Were Trouble' singer is joined by fellow country superstar to perform the hit song when she brings her Red tour to her hometown of Nashville.
The 'Red' artist sets the record straight regarding reports that she and J. Lo will team up on a new song.