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Tag Archives: TEFFI

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  2. Entries tagged with "TEFFI"

Delivery of TEFFI Funds to Kansas Communities Lauded by Ben Founder & CEO Brad Heppner

Ben UpdatesBy adminDecember 28, 2022

PRESS RELEASE

DALLAS, Dec. 28, 2022 (BUSINESS WIRE) – $2.7 million contributed through Beneficient’s operations under TEFFI program has been distributed by Kansas Department of Commerce to fund broad array of quality of life enhancing services in rural communities.

TEFFI Act Generates $15.2 Million for Community Reinvestment in Kansas

Ben UpdatesBy adminNovember 28, 2022

TEFFI
Thanks to the TEFFI Act, which The Beneficient Company Group championed in Kansas last year, a new grocery store is coming to Hesston, KS paid for by funds generated from TEFFI operations.

Brad Heppner, CEO of The Beneficient Company Group, on the TEFFI Act and Community Reinvestment

Ben UpdatesBy adminSeptember 21, 2022

TEFFI
The TEFFI Act is a first-of-its-kind regulatory framework enabling companies to provide liquidity for alternative assets. Brad Heppner explains how it works and the economic benefits local Kansas communities can expect from Beneficient’s operations and wider industry adoption.

Kansas Department of Commerce Announces New Grant Opportunity to Support Economic Development in Smaller Communities

Ben UpdatesBy adminAugust 29, 2022

TOPEKA – August 24, 2022 – Lieutenant Governor and Commerce Secretary David Toland announced a new grant opportunity today that will help support economic development and revitalization efforts in smaller communities across Kansas through investments in quality-of-life initiatives.

Ben Announces the Funding of Beneficient Heartland Foundation

Ben UpdatesBy adminApril 19, 2022

PRESS RELEASE
DALLAS – April 14, 2022 – The new foundation will direct funding to support community development projects in Hesston, Kansas and other rural communities, colleges, and universities throughout the state.

Technology-Enabled Financial Fiduciary Institutions (TEFFI) Act

Ben UpdatesBy adminFebruary 14, 2022

LEGISLATION
The TEFFI Act creates a business, regulatory, and tax-friendly operating environment and directly benefits communities in rural Kansas. Learn more about this ground-breaking legislation.

The Beneficient Company Group Receives Charter from the State of Kansas

Ben UpdatesBy adminJanuary 20, 2022

PRESS RELEASE
DALLAS — January 3, 2022 — The Charter enables Ben to serve as a regulated fiduciary in providing liquidity, custodial and administrative management services to alternative asset investors and managers under Kansas’ 2021 Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

The Beneficient Company Group Announces Initial $15 Million Community Reinvestment to Kansas as Part of the TEFFI Act

Ben UpdatesBy adminJanuary 19, 2022

PRESS RELEASE
DALLAS — Jan. 20, 2022 — Ben announced an initial contribution of $15 million for the benefit of rural Kansas communities pursuant to the recently enacted Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

Establishing the First-of-Its-Kind Regulatory Framework for the Industry through the TEFFI Act

Ben UpdatesBy adminOctober 26, 2021

LEGISLATION
DALLAS — June 15, 2021 — The Kansas TEFFI Act is a gamechanger for our industry as it provides the first unifying regulatory framework for general partners, sponsors, custodians, and transfer agents to better serve a growing pool of alternative asset investors and managers who finance and manage alternative asset holdings.

Derek Fletcher Discusses Kansas TEFFI Law in Private Funds CFO Publication Q&A

Ben UpdatesBy adminOctober 26, 2021

LEGISLATION
DALLAS — June 8, 2021 — The law, called the Technology Enabled Fiduciary Financial Institutions Act, allows for the creation and chartering of trust banks, to be known as TEFFIs, that as fiduciaries, finance alternative assets held in Kansas trusts as well as provide custodial and trustee services in the state.

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