Mission
TO CREATE, GUIDE, AND PROMOTE A BENEFICIAL BANKING MODEL THAT TRANSFORMS THE BANKING INDUSTRY; WE ACCELERATE THE TRANSFORMATION BY ATTRACTING HUMAN, FINANCIAL, AND INTELLECTUAL CAPITAL TO BENEFICIAL BANKING.
Public Charity
BENEFICIAL STATE FOUNDATION
BENEFICIAL STATE FOUNDATION is a nonprofit organization categorized as Public Charity based in OAKLAND, CA. Its most recent IRS filing (2024) reports revenue of $5.3M, expenses of $5.6M, total assets of $116.4M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $5.6M.
EIN: 205253663
OAKLAND, CA
Financial Institutions
NTEE: W60
Latest filing: 2024
Total Revenue$5.3M
Total Expenses$5.6M
Total Assets$116.4M
Grant Records3
Funding Total$5.6M
Filing Years2019–2024
Where $100 goes at Beneficial State Foundation
How Beneficial State Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$85
Programs
the work itself
$15
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $85 for programs
$67
Develop and deliver programs that promote inclusive banking practices, support community development, and reduce economic disparities
$18
Support clean vehicle assistance program, including, but not limited to, programs and grants to help lower-income california residents purchase a new or used hybrid or electric vehicle
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
HEALTHY INDIVIDUALS AND COMMUNITIES
$2,626,767
General Nonprofit Support
$150,000
GENERAL SUPPORT
$2,800,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
BOARD DIRECTOR
Angela Glover Davis
VP, TALENT & CULTURE
Anil Awasti
VP, OPERATIONS AND FINANCE
Annie Bakke Claybaugh
SVP, CLEAN VEHICLE ASST. PROGRAM
Darnell Grisby
BOARD DIRECTOR
Elmy Bermejo
EXEC DIR AND CHIEF IMPACT OFFICER
Erin Kilmer Neel
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.3M | $5.6M | $116.4M |
| 2023 | $7.5M | $7.7M | $117.9M |
| 2022 | $5.7M | $6.8M | $122.2M |
| 2020 | $14.5M | $11.3M | $116.7M |
| 2019 | $5.5M | $5.3M | $113.0M |
Between 2019 and 2024, reported annual revenue declined from $5.5M to $5.3M (-3%), with total assets most recently reported at $116.4M.
Interactive year-over-year charts and full filing details available with membership.