He said the outfit - Tshinga J Dube Foundation - will mainly assist the underprivileged youth.
"I have started this foundation to promote under 18 youths in Makokoba constituency in as far as sports is concerned," Dube told Southern News on the side-lines of the launch last weekend.
"I will not be promoting soccer only, but all other sports you can think of. I will provide things like uniforms, balls and other necessities for the youngsters to use during their trainings and competitions," he said.
A South Korean company, Kiona Charity, injected $50 000 into the foundation.
It also provided balls and playing kits, among other sports accessories.Dube indicated that talented youngsters from the area were set to get scholarships to the Asian nation, as part of the foundation's programme.
The Makokoba legislator said his motive was to give a helping hand to the needy.
"I have always been assisting people in my constituency by organising health expos, supplying sports kits and other donations, so this initiative is just a continuation of my philanthropic work to my constituency."
He added: "This is charity to assist the underprivileged. I don't support those who have everything. My passion is to help those who can't afford."
He argued that the move was not about him winning the forthcoming elections.
"This will continue even after elections I am not doing this for elections. As long as I get funding, I will continue supporting the needy. I have been doing this long before I became a member of parliament, those who stay here can confess."
Dube, a staunch fan of Bulawayo football giants Highlanders, said he was also going to continue supporting the team financially, as he has always done in the past.
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