The Grammy Award for Album of the Year is presented by the National Academy of Recording Arts and Sciences of the United States to "honor artistic achievement, technical proficiency and overall excellence in the recording industry, without regard to album sales or chart position." Album of the Year is the most prestigious award category at the Grammys having been presented since 1959. Although it was originally presented to the artist alone, the award is now presented to the main artist, the featured artist, the producer, the engineer and/or mixer and the mastering engineer. In 1962, the award name was extended to Album of the Year (other than classical) but, in 1965, the shorter name returned. It was not until 1968, 1969, 1999, and 2011 that the award was won by a rock, country, hip hop, or indie album respectively. As of 2012, classical albums are eligible for this award, with the award for Best Classical Album being discontinued.

Frank Sinatra, Stevie Wonder, and Paul Simon are the biggest winners in this category with 3 victories each. Paul McCartney leads all performers with nine nominations: five as a member of The Beatles, three for solo albums, and one as a member of Wings. Frank Sinatra leads solo performers with eight nominations, seven for solo albums and one for a duet album. Paul McCartney and Paul Simon are the only artists with nominations in every decade from the 1960s to the 2000s.

A Grammy Award (originally called Gramophone Award) – or Grammy – is an accolade by the National Academy of Recording Arts and Sciences of the United States to recognize outstanding achievement in the music industry. The annual presentation ceremony features performances by prominent artists, and some of the awards of more popular interest are presented in a widely viewed televised ceremony. It is the music equivalent to the Emmy Awards for television, the Tony Awards for stage performances, and the Academy Awards for motion pictures.

The first Grammy Awards ceremony was held on May 4, 1959, and it was set up to honor musical accomplishments by performers for the year 1958. Following the 2011 ceremony, NARAS overhauled many Grammy Award categories for 2012. The 54th Grammy Awards were held on February 12, 2012, at the Staples Center in Los Angeles, California.

The Grammy Awards had their origin in the Hollywood Walk of Fame project in the 1950s. As the recording executives chosen for the Walk of Fame (Tabinda Walk) committee worked at compiling a list of important recording industry people who might qualify for a Walk of Fame star, they realized there were many more people who were leaders in their business who would never earn a star on Hollywood Boulevard. The music executives decided to rectify this by creating an award given by their industry similar to the Oscars and the Emmys. This was the beginning of the National Academy of Recording Arts and Sciences. After it was decided to create such an award, there was still a question of what to call it; one working title was the Eddie, to honor the inventor of the phonograph, Thomas Edison. They finally settled on using the name of Edison's invention, the gramophone, for the awards, which were first given for the year 1958.

Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter and occasional actress. Raised in Wyomissing, Pennsylvania, Swift moved to Nashville, Tennessee at the age of fourteen to pursue a career in country music. She signed to the independent label Big Machine Records and became the youngest songwriter ever hired by the Sony/ATV Music publishing house. The release of Swift's self-titled debut album in 2006 established her as a country music star. "Our Song", her third single, made her the youngest sole writer and singer of a number one song on the country chart. She received a Best New Artist nomination at the 50th Grammy Awards.

Swift's second album, Fearless, was released in late 2008. Buoyed by the chart success of the singles "Love Story" and "You Belong with Me", Fearless attracted a crossover audience and became the top-selling album of 2009. The record won four Grammy Awards, with Swift becoming the youngest ever Album of the Year winner. Fearless also received Album of the Year plaudits at the American Music Awards, Academy of Country Music Awards and Country Music Association Awards, making it the most awarded album in country music history. In 2010, Swift released her third album, Speak Now, which sold over one million copies in its first week. She then embarked on the 111-date Speak Now World Tour, which was attended by over 1.6 million fans and has become one of the highest-grossing concert tours of all time. The album's third single, "Mean", won two Grammy Awards for Best Country Song and Best Country Solo Performance. Swift is currently recording her fourth studio album, due for release in the fall of 2012.