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Diddy’s never been known to be stingy with the cash. The music and media mogul has now launched The Sean Combs Scholarship Fund at his alma mater Howard University.

Per Real Talk:

Sean “Diddy” Combs’ one-man education initiative continues to give back in big ways. The music mogul announced his pledge of $1 million to Howard University, to support the establishment and operation of The Sean Combs Scholarship Fund at his alma mater.

Combs made the announcement as his Bad Boy Family Reunion tour made a stop in Washington D.C. on Thursday evening. The pledge goes to the School of Business at the prestigious HBCU where the Harlem native was a business major in 1990 before he set out to pursue a career in the music industry. Since, he’s been recognized by the school on numerous occasions, including receiving an honorary doctorate degree 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 press release. “This scholarship will make it possible for the next generation of leaders to pursue their dreams and achieve greatness.”

This move is the latest in Combs’ ascension into the education arena. This past August Diddy cut the ribbon on his new Capital Preparatory Harlem Charter School.