Real estate luminaries John and Andy Lim are amongst Forbes Asia's Heroes of Philanthropy

Forbes acknowledged the father-son tandem for establishing the Lim Hoon Foundation.

John Lim, cofounder of ARA Asset Management, and his son Andy Lim, group CEO of JL Family Office, made it to Forbes Asia's Heroes of Philanthropy list for 2022.

The magazine acknowledged the father-son tandem for establishing the Lim Hoon Foundation, which provides scholarships to so-called sandwich students.

Sandwich students are "driven but disadvantaged youths in Singapore who don’t qualify for most of the country’s grades-based financial support."

To date, the foundation has granted over 1,600 bursaries totalling about $1m to students from primary school to pre-university levels.

The foundation also donates to Singapore Management University (SMU). In April, it contributed $3m to set up JLFO-LHF Scholarship where 12 students receive four-year scholarships worth $40,000 every year.

Some 50 former and present SMU students have received scholarships from the foundation over the past decade, said Forbes.