Steve Harvey faced significant financial struggles in the early 1990s, paving the way for his journey to becoming a prominent entertainer and philanthropist. He founded the Steve & Marjorie Harvey Foundation, which has invested over $700,000 in college scholarships, catering to youth from low-income families. Additionally, the foundation emphasizes mentorship programs aiming to cultivate leadership skills among the young, creating numerous opportunities for underprivileged communities throughout North America.