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
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.
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.
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.
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.
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.
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.
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.
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.
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.