Beneficial State Foundation aims to ensure that Beneficial State Bank achieves its triple bottom line missions of generating prosperity for people and the planet, avoiding extractive practices, and being financially sustainable. The foundation supports fair and honest financial services to businesses and nonprofits that contribute positively to society and the environment.
The Beneficial State Foundation oversees the sponsorship program of Beneficial State Bank, focusing on supporting 501(c)(3) nonprofit organizations in California, Oregon, and Washington. These sponsorships are dedicated to transformative social justice and environmental efforts across various sectors, including affordable housing, education, arts, economic development, environmental sustainability, and health. The foundation emphasizes small sponsorships to a wide range of organizations, with most sponsorships since 2013 being less than $1,000, reflecting a commitment to community support and engagement. Additionally, the foundation and bank have adapted their sponsorship program requirements in response to the COVID-19 pandemic to continue their support for changemakers while observing social distancing.