B.C. developer Ryan Beedie launches scholarship foundation, pledges $50 million to start.
Beedie Luminaries aims to remove barriers to higher education for students who might otherwise struggle to afford post-secondary schooling.
“There are many bright, driven young people who simply cannot afford post-secondary education,” Beedie said in a news release announcing the endeavour. “Beedie Luminaries will break down that barrier and give them a leg up so they reach their full potential.”
For the foundation’s inaugural year – which coincides with his 50th birthday – Beedie has committed $50 million to the foundation.
The foundation will award its first grants in May to 50 students from across the Lower Mainland. The grants will be worth a total of $10,000 a year for a student in a four-year undergraduate degree and $7,500 a year for a student in a two-year college or trade school diploma, said executive director Martina Meckova.
It intends, in the future, to expand to 100 students a year.