HEAL -- That's the name of his new project focused on event safety. He said he's investing $5 million in communities in Texas. Historically-Black colleges and universities in the Houston area could benefit too.
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In a post on Instagram, Scott said he feels as a leader in the community, he needed to step up.
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"Over the past few months I've been taking the time and space to grieve, reflect and do my part to heal my community," Scott said. "Most importantly, I want to use my resources and platform moving forward towards actionable change. This will be a lifelong journey for me and my family."
Project HEAL has four pillars meant to help young people -- especially those who are from marginalized and at-risk communities -- through scholarships, free mental health services and technology, which is the part that's geared toward event safety.
It starts with granting $1 million in scholarships to seniors at HBCUs through a fund named after Scott's grandfather, Waymon Webster. Webster was an alum of Texas school Prairie View A&M, and he also taught there.
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Prairie View A&M and Texas Southern University are among the HBCUs Scott has supported before.
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Also in Houston, part of Project HEAL will include a seven-figure expansion of the Cactus Youth Design Center - a multi-use space for students in the East End. Scott unveiled the center just before Astroworld in November.
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As for what Scott hopes to change with large-scale live events like his own, the project says it wants to bring together people from technology, government, emergency response and more to look at the challenges large events bring.
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It's supposed to end with a report of recommendations given to the mayor of any city hosting a big event like a festival.
While there's not a timeline for when some of these pillars will happen, the Project HEAL website says more information will be rolled out this year.