Mike Tyson speaks on stage during his speaking tour, “Day of the Champions” at the Brisbane Convention & Exhibition Centre on Nov. 16, 2012 in Brisbane, Australia

*Mike Tyson has launched his very own children’s charity which aims to “give kids a fighting chance” by providing innovative centers that address the comprehensive needs of kids from broken homes.

The “Mike Tyson Cares Foundation” will also provide such essentials as healthcare and school assistance, shelter, mentoring, job mentoring and any other needs that the foundation deems necessary for the child in question seeking assistance, reports CNN.

The foundation will host a fundraising gala at the Las Vegas hotspot, TABU on Dec. 7, with proceeds going toward Vegas-area charities, The Shady Tree Foundation and Awakenings, which also further the mission of Tyson’s organization.

“I am very proud to launch Mike Tyson Cares Foundation,” said Tyson. “I want my legacy to be about charity and helping children. This is my start.”