Corporate
At Beneficient, we take our role as a responsible corporate citizen seriously. We support charitable initiatives within our Kansas communities, including 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 the state. To date, over $15 million of assets and cash have been generated for the benefit of rural Kansas.
Kansas Horizon Foundation Inc.
Beneficient plays a key role in the Kansas Horizon Foundation Inc. (KHF), a unique economic initiative for rural communities in Kansas as well as colleges and universities based in the state. To this end, the KHF was set up to receive and redistribute the funding TEFFI operations generate.
KHF helps fund growth and development projects in rural Kansas communities that foster:
- Job & Income Growth
- Main Street Revitalization
- Improvement to Educational/Healthcare/Senior Facilities
- Construction & Development
- Post-Secondary Institutions
