Beneficial State Foundation Email Format

Financial ServicesCalifornia, United States11-50 Employees

Beneficial State Foundation operates in the financial services sector with a focus on reshaping banking around a model described as beneficial to communities. It is based in Oakland, California. The foundation's mission is to create, guide, and promote this beneficial banking model and to accelerate industry transformation by attracting human, financial, and intellectual capital to support such banking. In July 2023, it launched the Underwriting for Racial Justice Lender Pilot Program, a two-year initiative involving about twenty diverse lenders to reduce racially inequitable underwriting and expand access to capital for people of color. Earlier, in 2021, Beneficial State Foundation launched the Underwriting for Racial Justice program to guide lenders toward fair credit.

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