Sean "Diddy" Combs has undoubtedly inspired many rappers and aspiring music moguls in the industry and ASCAP is taking note of his influence. The organization will honor the Bad Boy Records founder in an invite-only affair during ASCAP's 24th Annual Rhythm & Soul Music Awards.

At the awards ceremony, Diddy will be presented with the ASCAP Founders Award. The honor, dubbed as the "most prestigious" by the organization, is given to songwriters and composers who have made pioneering contributions to the music industry by inspiring their peers. The likes of Stevie Wonder, Dr. Dre, Smokey Robinson and Berry Gordy, Jr. are a few of the past recipients to have been presented with the award.

"To be recognized for my contributions to music by ASCAP, an organization that represents music creators, is a true honor," said Diddy. "All I wanted to do was make people dance and hopefully inspire others to never settle for anything but their best."

In the past, Diddy has been widely praised for kicking off the remix, putting his spin on original songs and adding his signature flair. Songs such as 'Can't Nobody Hold Me Down' to 'I'll Be Missing You' and 'I Need A Girl (Part One and Part Two)' to 'Coming Home' prove the Harlem native has created a plethora of hits. Besides earning nine Grammy Award nominations during his career, Diddy's won three for Best Rap Album for 'No Way Out,' Best Rap Performance by a Duo Or Group for 'I'll Be Missing You' and Best Rap Performance by a Duo Or Group for 'Shake Ya Tailfeather.' ASCAP has honored him before with the Rhythm & Soul Songwriter of the Year award, which he won four times. He was also presented with ASCAP's Golden Note Award in 1998 in recognition of his career achievements.

ASCAP's 24th Annual Rhythm & Soul Music Awards will take place on Friday, June 24 at the Beverly Hilton Hotel in Los Angeles, Calif. Performers have yet to be revealed.

Watch Diddy-Dirty Money's 'I Hate That You Love Me'
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