Beneficial State Foundation
To create, guide, and promote a beneficial banking model that transforms the banking industry; we accelerate the transformation by attracting human, financial, and intellectual capital to beneficial banking.
Beneficial State Foundation at a glance
- Total assets
- $116,410,449
- -1.3% vs 2023
- Revenue (2024)
- $5,346,285
- -29.0% vs 2023
- Net investment income (2024)
- $241,954
- +0.0% vs 2023
- Expenses (2024)
- $5,623,982
- -26.7% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Beneficial State Foundation
Open Grants
4 open opportunities from Beneficial State Foundation
Beneficial State Foundation Sponsorships Grant
Beneficial State Foundation
Amount
Up to US $1,000
Deadline
Deadline not published
Clean Vehicle Assistance Program (CVAP)
Beneficial State Foundation
Amount
$2,500 - $5,000
Deadline
Deadline not published
COVID-19 Response Fund
Beneficial State Foundation
Amount
$500 - $5,000
Deadline
Deadline not published
Who Beneficial State Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $215K (2021) to $500K (2020). In 2022 it made 1 grant totaling $243K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tides Foundation San Francisco, CA | For Disbursement of Sponsorship Funds to Non-Profits | $242,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $116,410,449 | $5,346,285 | $5,623,982 | — | — | $241,954 |
| 2023 | $117,915,206 | $7,525,287 | $7,670,444 | — | — | $241,930 |
| 2022 | $122,226,419 | $5,676,276 | $6,761,798 | $242,500 | 1 | $241,722 |
| 2021 | $119,858,062 | $22,406,818 | $23,851,666 | $214,500 | 1 | $241,663 |
| 2020 | $116,691,991 | $14,451,736 | $11,306,355 | $500,000 | 1 | $323 |
About Beneficial State Foundation
Based on IRS filings
Beneficial State Foundation is a public charity focused on public and societal benefit, based in Oakland, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $116.4M in total assets. Net investment income was $242K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Beneficial State Foundation is led by Erin Kilmer Neel, Executive Director & Chief Impact Officer since 2024 (on filings since 2020); 8 of 13 officers listed in 2024 are compensated.
Officers on the 2024 filing
Erin Kilmer Neel
Executive Director & Chief Impact Officer
Executive Director & CIO → Executive Director, 2022
Executive Director → Executive Director & Chief Impact Officer, 2024
On filings since 2020
43.3 hrs/week
$199K (2020) → $214K (2024)
Robert Wilkins
President
On filings since 2020
0.5 hrs/week
No compensation reported
Maria Kei Oldiges
Social Impact Research & Eval Director
Social Impact R & E Director → Social Impact Research & Eval Director, 2024
On filings since 2020
43.3 hrs/week
$122K (2020) → $156K (2024)
Francis Dennis Janes
Industry Relations & Partnerships Director
Partnership Director → Industry Relations & Partnership Director, 2022
Industry Relations & Partnership Director → Industry Relations & Partnerships Director, 2023
On filings since 2021
43.3 hrs/week
$119K (2021) → $160K (2024)
William Aaron Kristin
Strategic Communications Director
Strategic Communication Director → Strategic Communications Director, 2024
On filings since 2021
43.3 hrs/week
$121K (2021) → $155K (2024)
Quinntavious Williams
Director & Equitable Bank Standards
On filings since 2023
43.3 hrs/week
$124K (2023) → $160K (2024)
Angela Glover Davis
Board Director
On filings since 2020
0.5 hrs/week
No compensation reported
Elmy Bermejo
Board Director
On filings since 2020
0.5 hrs/week
No compensation reported
Janiece Evans-Page
Board Director
On filings since 2022
0.5 hrs/week
No compensation reported
Kat Taylor
Board Director
On filings since 2022
0.5 hrs/week
No compensation reported
Annie Bakke Claybaugh
Vice President, Operations & Finance
Secretary, Treasurer, Vice President, Ops & Finance → Vice President, Operations & Finance, 2024
On filings since 2020
43.3 hrs/week
$147K (2020) → $162K (2024)
Darnell Grisby
Senior Vice President & Clean Vehicle Assistant Program
On filings since 2022
43.3 hrs/week
$157K (2022) → $196K (2024)
Anil Awasti
Vice President, Talent & Culture
New on the 2024 filing
43.3 hrs/week
$167K (2024)
Former officers (10)
- Former: Rodrigo Sandoval (2022–2023) — Operations Director
- Former: Emily Ellickson-Brown (2023) — Associate Director & Finance
- Former: Kriss Deiglmeier (2020–2022) — Board Director
- Former: Cynthia Parker (2020–2021) — Board Director
- Former: Jhana Taylor Valentine (2020–2021) — Program Director
- Former: Katherine Astaire Rood (2020–2021) — Org Development & Culture
- Former: Mauricio Miller (2020–2021) — Board Director
- Former: Tuti Scott (2020–2021) — Board Director
- Former: Emma Guttman-Slater (2020) — Policy Advisor & Field Bldg. Director
- Former: Virgil Reed Looney (2020) — Deputy Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $214K, to Erin Kilmer Neel (Exec DIR and Chief Impact Officer). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Beneficial State Foundation
How large is Beneficial State Foundation?
Beneficial State Foundation reported $116.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $5.3M.
What is Beneficial State Foundation?
Beneficial State Foundation is a public charity focused on public and societal benefit, based in Oakland, CA. It holds $116.4M in total assets as of 2024.
Where does Beneficial State Foundation operate?
Beneficial State Foundation has awarded grants in California.
What is Beneficial State Foundation's EIN?
Beneficial State Foundation's EIN (Employer Identification Number) is 20-5253663. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- IRS filings on file for fiscal years 2020–2024
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Beneficial State Foundation down — hundreds of funders to go?