A $5.4 million scholarship is being established at Howard University to honor late actor Chadwick Boseman.

Netflix and the school’s College of Fine Arts, where Boseman was an alumnus, announced the endowed scholarship on Monday.

The “Black Panther” star died of cancer at 43 last year.

The funds, the media giant and Howard University said, would cover the full cost of tuition at the school for incoming students beginning this fall.

The scholarship was created with the support of Boseman’s wife, Simone Ledward-Boseman, and sponsored by Netflix, a news release said.

It will be awarded to one student in each class who exemplifies “exceptional skills in the arts reminiscent of Mr. Boseman, and who [demonstrates] financial need.”

“This scholarship embodies Chadwick’s love for Howard, his passion for storytelling, and his willingness to support future generations of Howard students,” university President Wayne Frederick said in a statement.

It’s not the first time that the historically Black university in Washington has honored the “Ma Rainey’s Black Bottom” performer. In May, Howard said it would rename its College of Fine Arts after Boseman, and would construct a new, state-of-the-art facility to serve as its home.