Diddy Invests $2 Million Over 24 Hours to Support Black Initiatives

While there, he made a big announcement ... Diddy's launching an investment fund with EYL brass -- founders-- to kick-start financial strategies immediately ... which will undoubtedly help their growing user base and sprawling roster of talent.

Diddy says,"I'm thrilled to join forces with Earn Your Leisure. We're going beyond discussing finances and taking action to demystify the world of investing for our community." He also said any profits from this will go toward his 3 charter schools on the East Coast. Like we said, the fund is going to pay for educational tools and resources that teach young Black investors how to properly diversify their portfolios, and how to get their businesses off the ground ... so, a great cause. Diddy didn't stop there, though ... he donated another mil.

He also stopped off at the Cricket MEAC-SWAC Challenge Kickoff in the ATL, and followed through on a pledge he made last year ... donating a million bucks to Jackson State University Football, which will be doled out over the years in regular installments.

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