Founded in 2007 by Kat Taylor and Tom Steyer, Beneficial State Bank is a social enterprise bank and a certified B Corporation with a mission to build a more inclusive and restorative economy. As a Community Development Financial Institution (CDFI), it directs its lending to underserved communities and businesses that promote renewable energy, sustainable agriculture, affordable housing, and other socially responsible initiatives. The bank operates with a unique ownership structure where all economic rights are owned by the non-profit Beneficial State Foundation, meaning that any distributed profits are reinvested back into the community and the environment.

Founded in

United States