The four-year scholarship is the first from the Latin Grammy Cultural Foundation to be sponsored by a record label.
Stars performed nearly three hours of hits to benefit the Latin Grammy Cultural Foundation.
Rosalía, Maluma, Shakira, Andrea Bocelli and more will appear at the award show, broadcasted from FIBES in Seville, Spain on Nov. 16.
Other honorees include Carmen Linares, Alex Acuña, Arturo Sandoval, Simone, Mijares, and Wisón Torres.