Corporate Responsibility
At Beneficient, we take our role as a responsible corporate citizen seriously. We support charitable initiatives within our shared Texas and Kansas communities, including the HERO program, which is designed to fund the research projects of Texas universities, and the Heartland Foundation, which funds community reinvestment in rural Kansas economic growth zones.
Reinvesting in Rural
Kansas Communities
The groundbreaking Technology-Enabled Fiduciary Financial Institutions (TEFFI) Act enables the creation of regulated trust companies that provide alternative asset financing and custodial asset management services. A central component of the TEFFI law is a built-in mechanism for community reinvestments out of a 2.5% financing fee paid by TEFFI customers.
Ben, through its subsidiary Beneficient Fiduciary Financial, L.L.C., strives to establish the best operating framework for the industry and ensure benefits flow throughout state. To this end, the Beneficient Heartland Foundation was set up to receive and redistribute the funding TEFFI operations generate. To date, over $15 million of assets and cash have been generated for the benefit of rural Kansas.
Funding University Research for a Better Texas
Heppner Endowments for Research Organizations (HERO) arose from the Texas-sized commitment of Beneficient CEO Brad Heppner and his family to create a legacy that benefits the state and its people. Their philanthropic vision and Texas pride have informed HERO’s focus on three key areas of impact:
- Conserving Texas habitats
- Promoting Texas arts
- Improving the well-being of the people of Texas
This philanthropic vision is made a reality at Bradley Oaks Ranch, the historic family property which provides a home campus for field work, applied research and gatherings for HERO’s University Members. With cutting edge research ranging from sustainable energy and water conservation to the therapeutic applications of horseback riding and the arts, HERO and our University Members are focused on making a difference in the lives of all Texans.
