Finally some money is going toward a good cause! Recently, the infamous singer/performer Prince auctioned off one of his favorite guitars, with all proceeds going to charity. The legendary gold guitar sold for $100,000. The buyer: McClaren Formula One Racecar driver Lewis Hamilton.

Prince was seen on a current episode of Lopez Tonight (view the video here), where he showed off the auctioned guitar and thanked Hamilton for his generous donation. It's a win-win, because he got an awesome guitar from a musical legend at the same time he got to help underprivileged kids.

We got $100,000 for that, brother Lewis Hamilton, the race car driver," he said. "It's gonna be hard to part with. A lot of my stuff gets stolen.- theboombox.com

The charity who received the benefits is Harlem Children's Zone, a non-profit organization located in New York City which helps fund art, education and environmental projects for inner-city kids.

Founded in 1970, the Harlem-based organization provides free educational assistance for children and families, and is aimed at doing "whatever it takes" to help young people succeed. Today the HCZ serves over 8,000 children and 6,000 adults offering innovative and efficient programs aimed at shattering the cycle of poverty for the families that it assists.

Prince is currently residing in Inglewood, California, as he is set to perform a handful of shows at The Forum. The short string of concerts began on April 14, and his performance lasted for well over three hours.

What do you think of this? Are you a Prince fan? What would you spend $100,000 on?