(AllHipHop News) Dr. Dre is reportedly worth over $700 million, so he is clearly not hurting for money. The legendary producer is forgoing collecting royalties from his latest album Compton: A Soundtrack in order to donate his profits from the project to help build a new performing arts and entertainment facility for the children in Compton.

[ALSO READ: Dr. Dre’s “Compton: A Soundtrack” Release Date & Tracklist Revealed]

The announcement about Dre’s contribution was made during Zane Lowe’s Beats 1 Radio program. The creator of tracks like “Nuthin’ But A ‘G’ Thang,” “The Real Slim Shady,” and “In Da Club” will be working with Compton Mayor Aja Brown to complete the new space.

“I feel it’s the right thing to do and I hope everybody appreciates the work I put into this album,” said Dre.

He added, “I’ve been really trying to do something special for Compton and just couldn’t quite figure out what it was. [Brown] actually had this idea and she was already in the process of working on it. I said, ‘Boom, this is what we should do.'”

The city of Compton could be looking at a nice endowment from Dre. Compton: A Soundtrack is expected to sell over 300,000 copies in its first week alone. The LP hits stores today (August 7).