Sean Diddy Combs Commencement Speech

*Sean “Diddy” Combs has just launched a gift that keeps on giving.

The rap mogul has founded a charter school that will open this fall in his New York City hometown of Harlem.

Capital Preparatory Harlem Charter School

The Capital Preparatory Harlem Charter School will be overseen by Capital Prep leader Steve Perry, who founded Capital Prep Magnet School in Hartford, Connecticut, in 2005.

Diddy and the board have hired Orlando, Florida-based educator Danita Jones as the school’s principal.

Combs said creating the school is “a dream come true.”

Combs was born in Harlem and grew up in Mount Vernon, New York. He attended Howard University, where he dropped out after two years but earned an honorary degree in 2014.