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CONCORD, N.C. -- Jimmie Johnson has established a multi-year scholarship in conjunction with the Monroe Career & Technical Institute (MCTI), which is located close to Pocono Raceway.

The Jimmie Johnson Legacy Scholarship recognizes the achievements of the seven-time Cup Series champion and will aid students pursuing professional skills at the Bartonsville, Pennsylvania, institution.

"Jimmie Johnson is a champion on and off the track," said Nick Igdalsky, director of the Mattioli Foundation and CEO of Pocono Raceway. "In addition to being one of the most accomplished NASCAR competitors of all time, Jimmie will go down as one of the best ambassadors our industry has had the privilege to know.

"Our extended Raceway family appreciates all he has done to support youth-based efforts to bring new fans into our sport, STEAM-related program for educators and students, and introducing inclusive initiatives, such as our infield playground, for those of all abilities to enjoy together. The establishment of this scholar ensures Jimmie Johnson’s legacy with live on within our community for years to come."

The scholarship will give students $4,800 each year for the next 23 years. The reason 23 was chosen is because it matches the number of years Johnson has raced in at least one NASCAR-sponsored event.

Even though this is Johnson's last season as a full-time driver, if he chooses to race at Pocono in the future, the Mattioli Foundation and Pocono Raceway will add an extra year of funds to the scholarship.

"MCTI is excited and honored to be sharing the Jimmie Johnson Legacy Foundation afforded by the Mattioli Foundation and Pocono Raceway, to the deserving students of our school," said Dennis Virga, director of the Monroe Career & Technical Institute.

MCTI provides career and technical education for secondary students. The programs teach specific skills and training that prepare pupils for entrance into the workforce and offers post-secondary education.

"I want to thank the Mattioli Family and Pocono Raceway," Johnson said. "What an honor to know that the Jimmie Johnson Legacy Foundation will be able to make a difference in the community for many years. Supporting education initiatives is important to (my wife) Chani and me and is the focus of our foundation. It’s especially nice to know that this gift will help continue that mission and have an impact in the Pocono area."