The stars, alongside Steve Miller, Rick Nowels and Motown icon William Stevenson, were all due to be inducted into the institution at a special ceremony in New York in June, but the event has since been postponed until 2021.
In a statement issued on Tuesday (March 31), SHOF President and CEO, Linda Moran, wrote, "In facing the reality of the future being unknown and the extraordinary number of schedules which would have to be rearranged, although sad and very disappointing, it seemed to be more prudent and in the best interests and well-being of everyone, especially our inductees, honorees, and guests to move the 2020 class of inductees and honorees in its entirety to next year's gala when they can be truly celebrated."
Added SHOF Chairman Nile Rodgers, "We talk all the time about great songs making the world a better place but that's never been more true than at challenged times like these which are unprecedented."
"The wonderful songs that members of the Songwriters Hall of Fame have created are currently bringing comfort to billions of people all over the world in their time of uncertainty and need and that is something I believe we can all find gratitude in. We are family, please be safe."
The Songwriters Hall of Fame's 51st Annual Induction & Awards Gala will now take place on 10 June, 2021.
In addition to the Class of 2020 salute, "We've Only Just Begun" composer and lyricist Paul Williams will receive the prestigious Johnny Mercer Award, and Universal Music Publishing Chairman and CEO, Jody Gerson, will be presented with the Abe Olman Publisher Award at the rescheduled ceremony.