By Derrick Bryson Taylor, pagesix.com
Sean “Diddy” Combs is paying it forward.
The 46-year-old hip-hop mogul pledged a $1,000,000 donation to Howard University’s School of Business this week. The large donation, which was announced during Thursday’s Bad Boy Family Reunion concert in Washington, DC, launches the Sean Combs Scholarship Fund.
Combs attended Howard’s business school for two years in the early ’90s before launching his career. He received an honorary doctorate in 2014.
“I was blessed to received a great education from Howard University — one of the best schools in the world — and it helped to fuel my success in business and life,” Combs said in a statement. “This scholarship will make it possible for the next generation of leaders to pursue their dreams and achieve greatness. When I delivered the commencement address at Howard, I asked the students, ‘Do you know how powerful you are?’ I know that Howard students are intelligent, talented, passionate and their hard work will shape the future.”
Beginning in the 2017-2018 academic year, the university will start awarding students scholarships from the fund.
Eligible students must be business majors with a 3.0 GPA and must demonstrate financial need. Recipients will also be granted a summer internship at Bad Boy Entertainment or Revolt Media & TV and will be assigned a mentor.