LOS ANGELES, CA - FEBRUARY 12:  Beyonce accepts award onstage during The 59th GRAMMY Awards at STAPLES Center on February 12,
Kevin Mazur/Getty Images for NARAS

Beyoncé decided to honor the one-year anniversary of her groundbreaking Lemonade album in a gracious way—by giving back to deserving young ladies. The entertainer announced the "Formation Scholars" award that will fund four scholarships to college students for the 2017-2018 academic year.

The candidates must be "incoming, current or graduate students" who are studying either creative arts, music, literature or African-American Studies—all majors that are tied in someway with Beyoncé's recent artistry. You must be enrolled in one of these colleges in order to participate: Berklee College of Music, Howard University, Parsons School of Design or Spelman College.

The scholarships are meant to "encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious and confident." If interested, contact your individual university for more details on the application and deadlines. Beyoncé's Lemonade was released on April 23, 2016 and went on to win Best Urban Contemporary Album and Best Music Video for "Formation" at this year's GRAMMYs. The album recently won a Peabody Award in Entertainment. The award's Board of Jurors stated:

"Lemonade draws from the prolific literary, musical, cinematic, and aesthetic sensibilities of black cultural producers to create a rich tapestry of poetic innovation, The audacity of its reach and fierceness of its vision challenges our cultural imagination, while crafting a stunning and sublime masterpiece about the lives of women of color and the bonds of friendship seldom seen or heard in American popular culture."

Next up, watch Zara Larsson explain how much Beyoncé has influenced her music: