Bank Funders

Amalgamated Bank was founded in 1923 by labor organizer Sidney Hillman and leaders of the Amalgamated Clothing Workers of America with a mission to provide hardworking individuals and their families the same access to quality and affordable banking services that big businesses and wealthy people enjoyed. This founding principle that the financial system should be open and accessible to all remains central to the bank's operations today. The bank aligns finances with values and helps customers create meaningful change for a better world. Amalgamated Bank offers socially responsible investing options, including fossil fuel-free portfolios, and integrates environmental, social and governance (ESG) and sustainability values as a key component of its culture. The bank serves nonprofits, philanthropic organizations, unions, political organizations, and sustainable organizations, providing commercial lending, social impact lending, and institutional investing services designed to help clients' bottom line while creating lasting change.

Beneficial State Bank is an FDIC-insured, state-chartered community development financial institution (CDFI) headquartered in Oakland, California, with branches in California, Oregon, and Washington. Kat Taylor and Tom Steyer founded it in 2007 as a triple-bottom-line community bank and donated the capital to Beneficial State Foundation, a nonprofit that is now the majority owner of the bank’s capital. That ownership is the lock: the institution is meant to stay governed in the public interest rather than recapitalize through a conventional holding-company sale. Causeartist indexes it in the funders directory as a CDFI bank and debt provider, not as a venture fund. The product is credit: deposits become loans for affordable housing, nonprofits, small businesses, and environmental projects on the West Coast. CDFI rules require at least 60% of financing to low- and moderate-income or underserved communities; the bank reported that 100% of its 2025 loan portfolio upheld that community-development mandate. It will not lend to fossil fuels, private prisons, or weapons manufacturing, industries it calls “contra mission.” It has been a Certified B Corporation since 2012 (B Lab directory; the bank’s certifications page also cites 2013), is Fossil Free Certified, belongs to the Global Alliance for Banking on Values, and describes itself as the only unionized community bank in the U.S. As of year-end 2025 it reported $1.98 billion in assets, $1.67 billion in deposits, $1.47 billion in outstanding loans, and 15.4% net loan growth. Those figures are company-reported from the 2025 Impact Report, not an independent audit.