Bridgeway Foundation was formed in 1980. The founders, Reg and Carol Petersen, committed to supporting charitable projects that reflected their priorities as visionary entrepreneurs, yet which were rooted in the compassion the rises from the Christian faith. With the sale of the family business in 1997, Bridgeway was endowed with the resources required to pursue this dream.

Since its inception Bridgeway has supported non-profit organizations that bring transformation to communities around the world. In 2001 it further articulated its values and created a series of criteria, which have enabled the directors to select projects that conform to its goals and objectives. By the end of 2007, Bridgeway had disbursed more than $25 million to its Canadian charitable partners.