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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.

Photo by Arlen Redekop / PNG

Students will also benefit from working with a support network of mentors, community leaders and corporate partners through the grant program.

Students will be selected based on “their resilience, determination, empathy and purpose, as well as academic readiness.” Interested applicants can learn more at beedieluminaries.ca and apply online until Feb. 15. The first cohort will be announced in early May.

Beedie is the president of the Beedie Group, a property development company launched by his father, Keith, who died last year.

Beedie has also previously been named Ernst & Young’s Pacific Region Entrepreneur of the Year, and has raised money for Lions Gate Hospice and donated to the B.C. Children’s Hospital.

He attended Simon Fraser University. In 2011, he and his father donated $22 million to the school’s business program, which was renamed the Beedie School of Business.

sip@postmedia.com

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