Sean “Diddy” Combs will give $1 million to the School of Business at Howard University for scholarships for undergraduate business majors and internships with his companies.

Combs announced the gift, with Howard President Wayne A. I. Frederick, from the stage of Verizon Center during his Bad Boy Family Reunion Tour. Combs, a musician, entertainer, and entrepreneur, attended Howard; he did not graduate but was given an honorary degree.

“I was blessed to receive 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.

Next fall, undergraduate business majors with a 3.0 grade-point-average and financial need will be eligible for the scholarships, which are intended to encourage students’ entrepreneurial drive. They will also get a summer internship at Bad Boy Entertainment or Revolt Media & TV and a Combs Enterprises representative to be a mentor.