Bellefield at Historic Hyde Park, a world-class hospitality, tourism and residential destination now under construction, has established a $500,000 scholarship program to benefit graduating Hyde Park Central School District seniors in financial need who are committed to academic success, serving the Hyde Park community and attending post-high-school education.
The Bellefield-Mulroy Family Scholarship Fund, created via a community benefit agreement between Bellefield and the school district, will provide $25,000 a year for 20 years. Scholarships will be open to students pursuing a degree in education; STEM (science, technology, engineering or math); fine and performing arts; and the culinary arts. Recipients must attend a two-year or four-year college/university or vocational school in New York state.
“Just as Bellefield is investing in Hyde Park, it’s equally as important to invest in Hyde Park’s youth and future,” said Thomas Mulroy, chairman and CEO of T-Rex Capital Group LLC. “We’re pleased that the Bellefield-Mulroy Family Scholarship Fund will help motivated graduates realize their dreams, decrease tuition burdens and ultimately benefit the region’s quality of life for generations to come.”
The Hyde Park Central School District’s Board of Education and Dr. Pedro Roman, superintendent of schools are appreciative of Bellefield’s donation. According to the board and Roman, “The Bellefield-Mulroy Family Scholarship Fund will support college and/or career pathways for students that will provide them with financial independence and positively shape their lives.”
Hyde Park Town Supervisor Alfred (Al) Torreggiani, who was instrumental in progressing the scholarship, said, “By establishing this generous scholarship, Bellefield at Historic Hyde Park will make Hyde Park an even more attractive place to raise a family.”
Bellefield at Historic Hyde Park is a $1 billion tourism destination under development on Route 9, across from the Culinary Institute of America. Plans call for development of two hotels, a conference center, free-standing and inline signature restaurants, brewery, winery, a spa, culinary-based retail establishments and residential. Fifty-eight percent of the site’s 340 acres will remain wooded and undeveloped with another 48 acres devoted to agricultural use to preserve the natural beauty of the site. New York State’s Mid-Hudson Regional Economic Development Council has selected Bellefield at Historic Hyde Park as a “priority project.” For more information about Bellefield at Hyde Park and T-Rex Capital Group LLC, visit BellefieldHydePark.com.