Jay-Z's Is Not Setting Up A $15 Million Trust Fund For Nipsey Hussle's Kids

Despite several reports, Jay Z is not setting up a $15 million dollar trust fund for Nipsey Hussle's family. There was a headline going around on social media days after the rapper's death that said that Jay -Z was setting up a trust fund for the rapper's children.

HipHopNoMore tweeted, "Just confirmed from Roc Nation -- The reports of Jay-Z setting up funds for Nipsey's kids are inaccurate. Please don't spread it. In these sensitive times, folks (especially celebs/artists) should double verify the source before posting something."

Nipsey and Jay Z has partnered up on a few projects over the past few years. Nipsey recently signed a deal with Puma Management, where Jay has been serving as creative director since last summer. Nip also released a Paper Plane’s cap collection with Jay's right-hand man, Emory Jones. There has been recent rumors that Nipsey had signed a management deal with Roc Nation.

NIPSEY HUSSLE'S PHILANTHROPY TO BE ENTERED INTO CONGRESSIONAL RECORD

In other news, Congresswoman Karen Bass, who represents California's 37th District including South Los Angeles, has announced plans to have the rapper's humanitarian efforts recorded into Congress' permanent record.

Bass tweeted on Wednesday (April 3rd), "I will be heading to the House Floor next week to formally enter Nipsey Hussle’s contributions to South Los Angeles into the Congressional Record where it will be a part of United States history forever."

In addition, there's also been an online movement to name the intersection of Crenshaw and Slauson "Nipsey Hussle Way." As of press time, the petition on Change.org has more than 380,000 signatures.

Nipsey, born Ermias Asghedom, was shot and killed out side of his store, The Marathon on Crenshaw & Slauson in Los Angeles on Sunday afternoon (March 31st). He was 33-year-old. Two other men were shot but are hospitalized in stable condition.