DiPierdomenico, a five-time Hawthorn premiership player, made a racially disparaging remark at the expense of Essendon and Port Adelaide champion Gavin Wanganeen, who also attended the function.
League CEO Andrew Demetriou said DiPierdomenico would not be reinstated until he completed a series of meetings and seminars with indigenous and cultural groups across Australia.
The education program, to be devised by the League's community engagement manager, Jason Mifsud, and its cultural strategy and education manager, Sue Clark, is expected to take several weeks.
Demetriou said the decision to suspend DiPierdomenico was made after speaking to him about his remarks, as well as consulting Wanganeen, his former Essendon teammate Michael Long and Auskick sponsor NAB.
DiPierdomenico's long history of work with both the Auskick program and as coach of the AFL Peace Team that united Israeli and Palestinian player was also taken into consideration.
"I have made clear to Robert my disappointment in his comment and the fact that there is no excuse for those sorts of comments and there is no place for them in our game or in the community. He knows that and is disappointed in himself," Demetriou said.
"I know Robert has been an enormous contributor to the growth of the game, working to promote Auskick to young boys and girls since his retirement as a player and he is fully aware of the importance that the AFL places on a welcoming environment for all people coming to our game."
Demetriou said DiPierdomenico had personally apologised to Wanganeen, the League, NAB and he had also spoken with Long.
"Robert said the comment wasn't what he was trying to convey and knew as soon as he made the comment that it was clumsy, that it was wrong and he apologised immediately," he said.
A portion of DiPierdomenico's apology to the AFL was released in a statement on Friday evening.
Robert DiPierdomenico's apology
"I have spoken with Gavin and sincerely apologised to him and his family. I explained that I was complimenting him on his outstanding career at the sportsman's night and my choice of words was wrong, and was by no way meant to offend. He thanked me for making contact with him.
"I have also spoken with Michael Long to explain what happened on the night and to apologise for any offense I may have caused him. I acknowledge that I have let him down as a good friend and I accept that my terminology was both unacceptable and offensive to him and the whole community.
"I would also like to apologise to the AFL, NAB and to all of the kids and parents who take part in the Auskick program. I am the proud and committed ambassador for NAB Auskick and travel around Australia promoting our great game, including the many indigenous areas. I was also the coach of the Peace Team for the International Cup and recently returned from the Tiwi Islands on behalf of the AFL.
"I hope to continue with these activities, as they are my passion, and apologise to all that I have offended."
