Beyonce's wardrobe malfunction and reunion with Destiny Child at Coachella 2018

Beyoncé headlines 2018 Coachella Valley Music And Arts Festival Weekend 1 on Saturday in Indio Calif

One student from each HBCU ― Xavier University, Wilberforce University, Tuskegee University and Bethune-Cookman University ― will receive the money. HBCUs are institutions of higher education in the United States that were established before the Civil Rights Act of 1964 with the intention of primarily serving the African-American community.

Beyoncé honored the history of HBCUs during her headlining Coachella set on Saturday, incorporating over 150 musicians and dancers - including a marching band and choir - into her detailed set, which also included guest spots from Jay Z, Solange and her former Destiny's Child members.

For those who didn't watch - or did catch the show, but didn't get it - Bey framed her comeback performance as if it was the half-time show during homecoming, more specifically one set at a historically black college or university where the annual celebration is somewhat of a religious experience.

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Ivy McGregor, Director of Philanthropy and Corporate Relations at Beyonce's Parkwood label, said, "We salute the rich legacy of Historically Black Colleges and Universities".

According to Variety, the 36-year-old entertainer's BeyGOOD entity will roll out the Homecoming Scholars Award Program beginning this fall semester.

In this February 12, 2017, Beyonce poses in the press room with the awards for best music video for "Formation" and best urban contemporary album for "Lemonade" at the 59th annual Grammy Awards. The scholarship is beneficial for multiple fields of study and each applicant must have a 3.5 GPA to qualify. Winners will be announced this summer.

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