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Travis Scott to Donate Portion of Proceeds from His Nike Collaboration to His Project HEAL Philanthropy

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Travis Scott is giving back through his new Nike collaboration.

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The rapper, 31, is set to donate a portion of the proceeds from his Cactus Jack x Nike Air Max 1 drop to his Project HEAL initiative

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a representative for the rapper confirms to PEOPLE. An exact figure has not yet been announced.

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Launched in March, Project HEAL is a multi-tier initiative dedicated to addressing challenges facing today's youth

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particularly those in marginalized and at-risk communities.

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Earlier this month, it was announced that Project HEAL and Scott's Cactus Jack Foundation had awarded $1 million

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in scholarships to students from 38 Historically Black Colleges and Universities (HBCU).

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The sum was divided and distributed to 100 students.

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The scholarship was named for Scott's grandfather Waymon Webster

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who himself was an HBCU educator at Prairie View A&M University — where he was also a student.