Beneficial State Foundation

Organization Overview

Beneficial State Foundation is located in Oakland, CA. The organization was established in 2008. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Beneficial State Foundation employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beneficial State Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Beneficial State Foundation generated $22.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.6% each year . All expenses for the organization totaled $23.9m during the year ending 12/2021. While expenses have increased by 43.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT BRIDGE HOUSING CORPORATION AND TIDES FOUNDATION, INCLUDING, BUT NOT LIMITED TO, PROGRAMS AND GRANTS TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT, ENCOURAGE FINANCIAL LITERACY, PROMOTE AFFORDABLE HOUSING, AND ELIMINATE DISCRIMINATION BY PROMOTING THE PROVISION OF LOANS AND INVESTMENTS, INCLUDING CONSUMER LOANS AND MICRO AND SMALL BUSINESS LOANS, AND DEPOSITORY SERVICES FOR DISADVANTAGED COMMUNITIES AND COMMUNITY SERVICE ORGANIZATIONS, AND BY ANY OTHER MEANS DETERMINED TO BE APPROPRIATE BY THE BOARD.


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. IN PARTNERSHIP WITH CALIFORNIA CLIMATE INVESTMENTS (A PROGRAM OF THE CALIFORNIA AIR RESOURCES BOARD), THE COLLECTIVE GOAL IS TO MAKE ENVIRONMENTALLY FRIENDLY VEHICLES ACCESSIBLE AND AFFORDABLE TO ALL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $21,439,265
All other contributions, gifts, grants, and similar amounts not included above$725,890
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,165,155
Total Program Service Revenue$0
Investment income $241,663
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,406,818

Grants Awarded

Over the last fiscal year, Beneficial State Foundation has awarded $312,951 in support to 5 organizations.

Grant RecipientAmount

San Francisco, CA

PURPOSE: FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS

$275,301

CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION

Org PageRecipient Profile

Fresno, CA

PURPOSE: FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS

$10,000

EVERYDAY PEOPLE FOR CHANGE INC

PURPOSE: FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS

$10,000

Oakland, CA

PURPOSE: FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS

$10,000

EAST BAY COLLEGE FUND

Org PageRecipient Profile

Oakland, CA

PURPOSE: FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS

$7,650
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Beneficial State Foundation has recieved totaling $3,500,000.

Awarding OrganizationAmount
Tomkat Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT

$3,500,000
View Grant Recipient Profile

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