The rapper said that the money was to be used to start The Sean Combs Scholarship Fund, a scheme that would help students pay off their financial aid. The Bad Boy CEO presented the giant check to Howard University president Dr. Wayne Frederick on stage at the Verizon Center.

“One of the biggest blessings is getting the chance to one day be able to give back, and to support the people that supported you… If I didn’t get some help, I wouldn’t be where I’m at today.” Diddy Said.

The rapper and business mogul dropped out of the University after just two years in the 1990s, but was awarded an honorary doctorate from the school in 2014.”I didn’t graduate from Howard. I was blessed to get my honorary degree but that doesn’t tell the whole story. Because the only reason why I was able to chase my dreams was the empowerment that Howard gave me, the support that they gave me, the first two years.” Combs repeatedly referred to the University as “home” during the presentation, saying that the first day he stepped on campus it was “like heaven. You know heaven… I mean, that’s the best way, it’s so much love. It’s an indescribable place, you have to see it.”

Dr Frederick said the university will start awarding the scholarships in the fall of 2017 to undergraduates pursuing a business degree who maintain a 3.0 GPA and demonstrate a financial need. The recipients of the Sean Combs Scholarship will also be assigned a mentor from Combs Enterprises and spend a summer interning with Bad Boy Entertainment or Combs’ Revolt Media & TV network.