Nearly a year after Hurricane Maria devastated the island last September, Puerto Rico is still rebuilding. To help the island's artists and arts organizations recover, Lin-Manuel Miranda announced on Sunday (July 22), he's creating a multi-million dollar arts fund.

"As someone whose life has been transformed by the power of the arts, and who has witnessed the incredible healing, growth, stability, and well-being that cultural institutions can bring to local communities, I cannot stand idly by and watch Puerto Rico’s arts and culture scene suffer," said the Hamilton playwright. "And that is exactly why we have created the Flamboyan Arts Fund."

Miranda said he hopes the fund will grow to $15 million in upcoming years and that all funds from the upcoming Hamilton show that will be performed in January in Puerto Rico will be donated to the fund. Miranda will reprise his role as Alexander Hamilton for only 24 performances at the University of Puerto Rico.

The fund will be dedicated to preserving, amplifying, and sustaining the arts in Puerto Rico by supporting all facets of the arts community including music, theater, visual arts, dance, literature, and youth arts education.