Beneficial State Bank has a unique business model compared to other banks. As a mission-driven bank majority-owned by the nonprofit Beneficial State Foundation, we work to maximize prosperity for our communities and our customers instead of working to maximize shareholder profits. We structure our business practices to benefit our stakeholders, not just our shareholders, so our total sponsorship budget is smaller than what you’ll find at a large, national bank. Therefore, we are limited in the number of sponsorships we can approve each year.
We welcome your sponsorship application, but before you get started, we want to share a few things:
- Beneficial State Bank cannot sponsor individuals.
- We choose to make small sponsorships available to support more organizations. Most of our sponsorships since 2013 were less than $1,000.
- We prioritize our existing clients and partners when allocating our budget. That doesn’t guarantee funding, but organizations without an existing relationship with us or someone on our team may be less likely to receive funding, given the volume of requests we receive each year.
- We prioritize the Social and Environmental target sectors listed above.