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IJay-Z will be honored along with Jive Records President Barry Weiss tomorrow, April 2.

The two mogul’s will be honored by the Foundation For Ethnic Understanding at the home of songwriter Denise Rich.

The award comes for promoting diversity in the workplace. The Foundation For Ethnic Understanding is a non-profit organization that is dedicated to strengthening ethnic communities.

Past award winners include Def Jam’s Kevin Liles, Andre Harrell, Antonio “L.A.” Reid, former MCA President Danny Goldberg and others.