Kimora Lee Simmons is on a mission to help support and fund emerging fashion talents. She has established a $1 million scholarship fund for students who are pursuing fashion careers. She will donate these funds to create opportunities for scholarships at FIT, FIDM and Rush Teens, which is Russell Simmons art-focused philanthropic initiative. This fabulous mother of three hopes that her fund will empower the next generation of fashion geniuses through education. She will also allow hands-on experience in the industry by creating an internship program for her soon-to-be launched collection, KLS. Kimora hopes that this will start a trend for more fashion leaders to reach out and give back.