- Inducted into the Songwriters Hall of Fame on June 9, 2005 in New York City alongside Robert B. Sherman, Richard M. Sherman, Bill Withers, John Fogerty, Steve Cropper and longtime collaborator Isaac Hayes. (June 2005)
- Inducted into the Songwriters Hall of Fame on June 9, 2005 in New York City alongside Robert B. Sherman, Richard M. Sherman, Bill Withers, John Fogerty, Steve Cropper and longtime collaborator Isaac Hayes.
- Friends with Maurice White.
- In 2012, Porter founded The Consortium MMT, a 501(c) non-profit with the goal of developing a viable music industry in Memphis through structured teaching, experience and mentorship.
- The December 14, 2015, edition of Rolling Stone magazine listed him as one of the 100 greatest songwriters of all time.
- He was awarded the 2013 Governor's Arts Award for his achievements including the founding and success of The Consortium MMT venture.
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