Philanthropies are turning to ever more innovative impact models at the system level in order to create a more equitable economy. Beneficial State Foundation, for example, pioneered this space with the creation of a one hundred percent nonprofit owned bank, Beneficial State Bank. This month, we sat down with Quinn Williams, Associate Director for the foundation's soon-to-be-released Equitable Bank Standards, collaboratively designed guidelines for socially conscious banking practices. We spoke with Quinn about the bank's formation, the standards, and key takeaways for philanthropies exploring new avenues for impact.

Be sure to check out Beneficial State's interest form for an alert when the standards are introduced on the foundation’s website in May.

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