BENEFICIAL STATE FOUNDATION

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... As a bank owner, investor, and practitioner, we have a unique model that allows us to bridge the work of grassroots organizations, policy makers, professional associations, and the banking industry. As both a nonprofit shareholder of Beneficial State Bank and an advocacy organization, we are able to evaluate the..

Also known as: Beneficial State Bank