Jay-Z will be the first solo hip-hop performer to perform at Carnegie Hall.

Two concerts are scheduled for February. It will raise money for United Way and Jay-Z's scholarship fund. The concerts will serve to help boost graduation in the city and help low income students attend college, reported NY1.

Just making sure that people are prepared for the future and prepared for this world, and especially people that have drive and want to go further, and if the thing that's holding them back is something financial, I don't think that's right, said Jay-Z, according to NY1.