Dolly Parton has accomplished so much in her multi-decade career that it's hard to believe there's anything left to do. But on Tuesday afternoon (Aug. 15), the legendary singer announced her first-ever children's album, I Believe in You. 

All 14 tracks to be featured on the project were written and recorded by Parton, including a new recording of her classic hit, "Coat of Many Colors," along with an audio recording of the singer reading her book of the same name.

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All proceeds from the sale of I Believe in You will benefit the Imagination Library, Parton's organization that offers books to millions of children across the world who might not have access to them otherwise. Imagination Library launched in 1996 in Parton's hometown of Sevierville, Tenn.

"My first album was released 50 years ago and it's been an amazing 50 years since then. I am very excited that now I'm coming out with my first children's album in all of those 50 years," Parton says. "I'm proudest of all that all of the proceeds from this CD will go to the Imagination Library. It's been 20 years since the Imagination Library was launched. We've seen 100million books get into the hands of children and hopefully there will be many more.”

A digital version of I Believe in You is set for release on Sept. 29, with the physical copy hitting stores on Oct. 13. Shortly after, Parton will partake in a farewell concert for her longtime friend Kenny Rogers at Nashville’s Bridgestone Arena on Oct. 25.

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