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.
The Beneficient Heartland Foundation
Beneficient plays a key role in the Beneficient Heartland Foundation (BHF), a unique economic initiative for rural communities in Kansas as well as colleges and universities based in the state. To this end, the BHF was set up to receive and redistribute the funding TEFFI operations generate.
BHF was established by Beneficient Fiduciary Financial with an initial donation of over $6.5 million personally facilitated by Aurelia and Brad Heppner, the founder of Beneficient.
BHF 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
BHF’s initial focus is bringing a full-service grocery store in Hesston, Kansas, a town lacking that important anchor to its downtown since the last grocery store closed in 2018. The new store is just the beginning of an envisioned revitalization of Hesston.
For more information, please visit the Beneficient Heartland Foundation website
