The American Society of Composer, Authors and Publishers will honor Diddy with the award, which is coveted as the society's “most prestigious” honor, given to songwriters and composers who have had a major impact on the music industry.  Diddy is no stranger to ASCAP awards. Sean Combs, has already received the Golden Note Award, which recognized him for his extraordinary career milestones. As well as winning the ASCAP Rhythm and Soul Songwriter of the Year four times. Dr Dre, Stevie Wonder, and Smokey Robinson are just a few that has also been honored with the prestigious Founders award. The 24th Annual ASCAP Rhythm and Soul awards will take place on June 24, 2011 in Los Angeles.