Nas, Steve Stoute, Ben Horowitz, and more have all come together with the Paid In Full Foundation to provide $500,000 to under-recognized artists in hip-hop. They are putting on the first-ever Hip Hop Grandmaster Awards and will give away 100% of the event’s proceeds to this end. They plan to honor Rakim and Scarface with the awards.
“Over the past several decades, Hip Hop music and culture rose from a local niche New York art form into a global phenomenon,” a statement on the Paid in Full Foundation’s website says. “In doing so, it has created countless careers, many fortunes, and, most importantly, gave hope and aspiration to a generation of young people.”
Read More: Steve Stoute Reveals Kobe Bryant Was Around Nas, Foxy Brown During Rap Career
Nas With Steve Stoute In N.Y.C.
It continues: “Unfortunately, many of the most impactful original artists never received recognition proportional with their exceptional contributions to arts and culture. The Paid in Full Foundation aims to rectify that through its grantmaking program, by both honoring the people who built Hip Hop and enabling them to pursue their creative and intellectual pursuits for the benefit of society.” Steve Stoute recently discussed his efforts with the Paid In Full Foundation during an appearance on the Rap Radar Podcast. “What I wanna do is, all of the artists who [came in] early who signed bad deals or were taken advantage of, that the least we could do is give to them,” Stoute said at the time. “Pay that forward and give to them.” Check out that interview below.
Steve Stoute Discusses The Paid In Full Foundation
He added, “No one’s ever done this before. No one’s given the people who’ve helped move this industry forward reparations of some sort for what they’ve done but didn’t get back.” Be on the lookout for further updates on the Paid In Full Foundation on HotNewHipHop.
Read More: Steve Stoute Claims He’s To Knicks What Drake Is To Raptors, Internet Disagrees
[Via]
The post Nas Teams With Steve Stoute, & More To Give $500k To Underappreciated Artists appeared first on HotNewHipHop.