Beneficial State Foundation Sponsorships Grant

The Beneficial State Foundation offers sponsorships to 501(c)(3) organizations in California, Oregon, and Washington, focusing on social justice and environmental work. With a unique business model, Beneficial State Bank reinvests profits back into communities, emphasizing support for existing clients. Organizations must submit requests at least 60 days in advance and cannot use funds for political activities. The foundation prioritizes partnerships, making funding competitive due to high demand.

NOTE: Please submit your request at least 60 days in advance of the desired arrival of the funds.
Overview
Founded in 2007 by Kat Taylor and Tom Steyer, Beneficial State Bank is a B Corp Certified community development bank with branches in California, Oregon, and Washington. One hundred percent of the economic rights of Beneficial State Bank are owned not by private shareholders, but by nonprofit organizations, including Beneficial State Foundation. As nonprofit shareholders, we reinvest all distributed bank profit back into communities to promote thriving people, a healthy economy and a prosperous planet. This ownership structure allows us to learn and develop new metrics and standards as Beneficial State Bank tests and implements equitable banking products and practices.
Supporting Our Communities With Sponsorships
From day one, Beneficial State Bank has been committed to supporting our community above and beyond our lending by providing sponsorships to 501(c)(3) nonprofit organizations each year. We provide sponsorships to 501(c)(3) organizations in California, Oregon, and Washington that are engaged in transformative social justice and environmental work in our target sectors:

• Social:

Affordable and Multi-family HousingArts, Culture and Community BuildingEducation and Youth DevelopmentBeneficial Financial ServicesEconomic, Business and Job DevelopmentMaking, Manufacturing and ProductionSocial Justice
Environmental:

• Environmental SustainabilityHealth and Well-being (non-food)Healthy FoodOther Mission Categories (Business Ownership, Structures and Practices)

Beneficial State Bank has a unique business model compared to other banks. As a mission-driven bank majority-owned by the nonprofit Beneficial State Foundation, we work to maximize prosperity for our communities and our customers instead of working to maximize shareholder profits. We structure our business practices to benefit our stakeholders, not just our shareholders, so our total sponsorship budget is smaller than what you’ll find at a large, national bank. Therefore, we are limited in the number of sponsorships we can approve each year.

Eligibility

You must be a 501(c)(3) organization or have a 501(c)(3) fiscal sponsor to be eligible for support.Sponsorships are dedicated solely to our communities within CA, OR, and WA.Please submit your request at least 60 days in advance of the desired arrival of the funds.Sponsorships may be used to support projects including, but not limited to: capital campaigns, program operation, and events (online & in-person). However, they may not be used to support partisan political activity or intervention or participation in any political campaign on behalf of or in opposition to any candidate for public office.

Ineligibility

Beneficial State cannot sponsor individuals.