Staff Writer
P.Diddy, 43, showed his charitable side during a Network for Teaching Entrepreneurship (NFTE) event in New York last Friday. According to XXL, the hip hop mogul donated $250, 000 to the non-profit organization that helps at-risk youth progress in their education and plan successful business futures.
“I believe all young people should be given the opportunity to be successful and to pursue their passions, “ he announced. “NFTE gives all kids the tools they need to be the CEOs of their future.”
Founded in 1987 by Steve Mariotti, an entrepreneur turned high school math teacher, NFTE is a program that works to prevent students of low-income communities from dropping out of school. It also helps them to develop “business smarts” to form their own entrepreneurial path outside of the classroom. To date, over 500, 000 students have graduated from the course.
“I think especially with kids from the inner city, they’re natural-born entrepreneurs, because they have to figure out how to survive. So they have it in their DNA,” Diddy told Businessweek.com in an interview. “An organization like this can show them that they have it inside of them and can show them how to relate what they’re learning in school to their street smarts and street savvy.”
He added: “It’s hard for people to find jobs out there right now, and through those rough times, you have people who are going to fight. I think that’s what’s happening is people are discovering different opportunities in their communities and understanding that if they have a good product, or have something that people want or need, they can take responsibility and accountability for their futures.”
Diddy, who calls himself a “poster child” of an inner city kid turned businessman, certainly has the qualifications to speak out about the topic. He topped Forbes’ list of “Hip Hop Cash Kings” in 2012, with the success of his long-running record label and clothing line under his name.
Next up, Diddy is planning to conquer network television. He launches RevoltTV in three cities – Los Angeles, New York and Chicago – starting on October 21.
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