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Impact Funders Directory (Page 2)

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Beneficial State Bank logo
Beneficial State Bank
Bank, CDFI, Debt Finance, Grantmaker
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.
Built EnvironmentCommunity DevelopmentImpact FinanceCalifornia, United States
BESTSELLER Foundation logo
BESTSELLER Foundation
Foundation, Corporate, Impact Fund, Grantmaker
BESTSELLER Foundation is a Danish commercial foundation established in 2015. It is funded by BESTSELLER, the family-owned fashion company, but operates as a separate legal entity from both BESTSELLER A/S and HEARTLAND A/S. The foundation's current strategy focuses on expanding economic opportunity for women, particularly their ability to create, work, and own. Its work is organized around three areas: Creative industries, including fashion, craft, music, and the arts Future of work, including reskilling, childcare, and workforce participation Ownership, including assets, businesses, income, and financial decision-making BESTSELLER Foundation uses both donations and impact investments and describes itself as a long-term, evergreen investor. Over its first 10 years, it reports making more than 25 impact investments and 100 donations across 25 countries. Its geographic focus includes South Asia, especially Bangladesh, as well as Sub-Saharan Africa and Europe. Current and recent partnerships have supported women artisans, small businesses, workforce participation, water resilience, and recovery efforts following major disruptions. The foundation's legal purpose is broader than its current public strategy. Its statutory mandate includes humanitarian work, poverty reduction, entrepreneurship, agriculture, and nature conservation. Earlier investment strategies also placed significant emphasis on circular economy and climate technology. Financial Snapshot At the end of 2024, the foundation reported: - DKK 109.7 million in total assets - DKK 85.9 million in equity - DKK 88.4 million in long-term investments - Approximately DKK 20 million distributed during the year - Approximately DKK 18 million invested during the year BESTSELLER's board also approved a preliminary DKK 250 million commitment for the foundation's 2024 to 2029 strategy. This represents committed future support, not capital already deployed. The foundation does not publish a standard grant size, investment check range, or formal scored application process. Potential partners can contact the team through its website.
Community DevelopmentEducationImpact FinanceBangladesh