Sponsorships

Supporting Our Communities With Sponsorships

From day one, Beneficial State Bank has been committed to supporting our community above and beyond its lending by providing sponsorships to 501(c)(3) nonprofit organizations each year. Historically we have provided the equivalent of 10% or more of Beneficial State Bank’s profits. That’s ten times the U.S. average corporate giving of less than 1% (0.76%).


Sponsorships

We will continue to help the bank provide sponsorship to 501(c)(3) organizations in California, Oregon, and Washington that are engaged in transformative social justice and environmental work in our target sectors:

Social

parachute tent
  • Affordable and Multi-Family Housing
  • Arts, Culture, and Community-Building
  • Education and Youth Development
  • Beneficial Financial Services
  • Economic, Business, and Job Development
  • Making, Manufacturing, and Production
  • Social Justice

Environmental

unloading truck
  • Environmental Sustainability
  • Health and Wellbeing (non-food)
  • Healthy Food
  • Other Mission Categories (Business Ownership, Structures, and Practices)

Beneficial State cannot sponsor individuals. We choose to make small sponsorships available to many organizations; most of our sponsorships since 2013 were less than $1,000.


Sponsorship Eligibility Criteria

We receive a large volume of sponsorship requests to review each year. Filling out this form will help us understand your organization's work and the purpose of the sponsorship. Please review the sponsorship eligibility criteria carefully before submission:

  • Only 501(c)(3) nonprofit organizations AND 501(c)(3) fiscally sponsored-organizations are eligible.
  • Currently, sponsorships are dedicated solely to our communities within CA, OR, and WA.
  • Please submit your request at least 60 days in advance of the desired arrival of the funds.
  • Sponsorships may be used to support projects including, but not limited to, capital campaigns, program operation, and events (online & in-person). However, they may not be used to support partisan political activity or intervention or participation in any political campaign on behalf of or in opposition to any candidate for public office.

Please have a copy of your 501(c)(3) determination letter ready to upload when completing this form. If you have a 501(c)(3) fiscal sponsor, you will need to upload that organization’s 501(c)(3) determination letter. 

  • Note for fiscally sponsored projects: Our partners at Tides Foundation may need to request an email confirmation of the fiscal sponsor relationship if this is the first grant processed to your organization through their system or if the confirmation they have on file is more than three months old. However, we may be able to expedite that process if we can obtain the fiscal sponsorship agreement or a screenshot that confirms the agreement in advance. If you have either, please have that ready to upload as well.

Sponsorship Request Form

If your project meets the criteria above and you have the required documents ready to upload:

Questions? Please contact our Sponsorship Team at Sponsorships@beneficialstate.com.


Distribution

TIDES foundation logo

Beneficial State distributes sponsorships through a Tides Foundation collective action fund

Tides Foundation collective action fund (CAF) is a way for multiple donors to collaborate and support issues they care about most. A collective, rather than an individual donor or representative, makes grant recommendations. 

Grants out of the fund are technically within the exclusive control of Tides due to regulatory constraints that maintain the charitable purpose of the fund. This is why the collective makes recommendations to Tides for the distribution of grants and only rarely are these recommendations not processed as grants.

Each fund is matched with a Tides Advisor who provides guidance on everything from fund structure and governance to strategy and operations. Tides’s Grants Team works to process grants efficiently and legally. 

After Beneficial State confirms a sponsorship with an organization, we work with Tides Foundation to disburse the payment from our collective action fund. Sponsored organizations receive the payment and an award letter on behalf of our organizations, addressed from Tides Foundation.