Model turned Mogul, Kimora Lee Simmons took over the fashion world over 20 years ago and has not stopped since. This past week she announced a $1 million scholarship fund in her name to the students at FIT.

Style.com reports that "$500,000 of the fund will be dispersed to the New York educational organization over the next five years, while the remainder will be distributed to the Fashion Institute of Design & Merchandising and Rush Philanthropic Arts Foundation. Additionally, the project will include an internship program with KLS Collection, Simmons’ new, hush-hush high-end womenswear line that will be launching in New York City this November."

“It takes being at the right place at the right time to make it in the fashion industry, but it also takes opportunity and resources. That’s what I'm here for.” (Kimora Lee Simmons)