Jay-Z helped out college students in an amazing way! JAY-Z’s Shawn Carter Foundation has raised $20 million to help college students pay for their higher education. The legendary rapper hosted a black-tie gala in New York City on Friday to celebrate the organization’s 20-year anniversary. The Shawn Carter Foundation has worked to provide college scholarships, study abroad opportunities, wealth-building programs, and more for underserved youth and families from disenfranchised communities since its inception in 2003. JAY-Z launched the organization with his mother, Gloria Carter.