About Beneficial state foundation
Beneficial State Foundation: Revolutionizing the Banking System for Good
In today's world, banking has become an integral part of our lives. From paying bills to saving money, we rely on banks for a variety of financial services. However, the traditional banking system has been plagued with issues such as inequality, lack of transparency and accountability, and environmental degradation. This is where Beneficial State Foundation comes in - a unique organization that aims to revolutionize the banking system for good.
Founded in 2007 by Kat Taylor and Tom Steyer, Beneficial State Foundation is a non-profit community development bank that operates in California, Oregon and Washington. The organization's mission is to create a just economy by providing access to affordable financial services while promoting social justice and environmental sustainability.
At its core, Beneficial State Foundation believes that banking should be more than just profit-making; it should be about creating positive social impact. The organization achieves this through its unique business model which prioritizes community development over shareholder profits.
One of the key ways in which Beneficial State Foundation promotes social justice is through its lending practices. Unlike traditional banks that prioritize profits over people, Beneficial State Foundation provides loans to underserved communities at fair rates with flexible terms. This helps small businesses grow and creates jobs in low-income areas.
Another way in which the organization promotes social justice is through its commitment to diversity and inclusion. Beneficial State Foundation recognizes that systemic racism exists within the financial industry and actively works towards dismantling these barriers by hiring diverse staff members from different backgrounds.
Environmental sustainability is also at the heart of what Beneficial State Foundation does. The organization recognizes that climate change poses one of the greatest threats facing our planet today and takes steps towards reducing its carbon footprint by investing in renewable energy projects such as solar power plants.
In addition to promoting social justice and environmental sustainability through its lending practices, Beneficial State Foundation also offers educational programs aimed at empowering individuals with financial literacy skills necessary for making informed decisions about their finances.
Overall, it's clear that Beneficial State Foundation isn't your typical bank - it's an innovative organization committed to creating positive change within society while still providing essential financial services. By prioritizing community development over shareholder profits while promoting diversity & inclusion along with environmental sustainability initiatives they are setting themselves apart from other banks who only care about their bottom line.
If you're looking for a bank that aligns with your values then look no further than Benefitical state foundation!
beneficialstate.org
