ɪn nˈaɪntiːnhˈʌndɹɪd ˈeɪɾi θɹˈiː, ðɪ ɐmˈɛɹɪkən ɐsˌoʊsɪˈeɪʃən ʌv wˈɪmɪn dˈɛntɪsts ˈɑːnɚd tˈeɪlɚ baɪ ɪstˈæblɪʃɪŋ ðə lˈuːsi hˈɑːbz tˈeɪlɚɹ ɐwˈɔːɹd, wˌɪtʃ ɪt nˈaʊ pɹɪzˈɛnts ˈænjuːəli tʊ ˈɑːwd mˈɛmbɚz ɪn ɹˌɛkəɡnˈɪʃən ʌv pɹəfˈɛʃənəl ˈɛksələns ænd ɐtʃˈiːvmənts ɪn ɐdvˈænsɪŋ ðə ɹˈoʊl ʌv wˈɪmɪn ɪn dˈɛntɪstɹi.
In 1983, the American Association of Women Dentists honored Taylor by establishing the Lucy Hobbs Taylor Award, which it now presents annually to AAWD members in recognition of professional excellence and achievements in advancing the role of women in dentistry.