Federal grants to Beneficial State Bancorp, Inc.
Beneficial State Bancorp, Inc. in Oakland, California received $22.2 million in federal grants from fiscal 2021 to 2025, across 7 awards. Its largest program was Capital Magnet Fund, with $14.3 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$22.2 million
- Awards7
- Awarded in FY 2025$0
- Largest award$6.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $4.1 million |
| FY 2022 | 2 | $6.5 million |
| FY 2023 | 2 | $5.6 million |
| FY 2024 | 1 | $6.0 million |
| FY 2025 | 0 | $0 |
Programs that fund Beneficial State Bancorp, Inc.
| Program | Awards | Amount |
|---|---|---|
| Capital Magnet Fund | 3 | $14.3 million |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $5.0 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Community Development Financial Institutions Program | 2 | $1.2 million |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 7 | $22.2 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | October 4, 2023 | $6.0 million |
| Purpose: to attract financing for and increase investment in affordable housing for primarily low income, very low income, and extremely low income people and for certain related economic and community development activities. Planned activities: through competitive grants, the capital magnet fund (c | Capital Magnet Fund | June 22, 2022 | $6.0 million |
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $5.0 million |
| Capital magnet fund award | Capital Magnet Fund | February 22, 2021 | $2.3 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | February 28, 2023 | $640,000 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | December 8, 2021 | $525,000 |
Questions people ask
How much federal grant money does Beneficial State Bancorp, Inc. get?
$22.2 million in 7 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Beneficial State Bancorp, Inc. the most?
The Department of the Treasury, with $22.2 million in 7 awards.
What is Beneficial State Bancorp, Inc.'s largest federal grant?
$6.0 million under Capital Magnet Fund, with its first action in the period on October 4, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Beneficial State Bancorp, Inc.?
Its largest are Capital Magnet Fund, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) and Community Development Financial Institutions Rapid Response Program (CDFI RRP).
Other grant recipients in Oakland
- San Francisco Bay Area Rapid Transit District
- Port Department of the City of Oakland
- Kaiser Foundation Hospitals
- Alameda-Contra Costa Transit District
- Public Health Institute
- Brimstone Commercial, LLC
- City of Oakland
- The Regents of the University of California
Largest federal grant recipients in California · Federal grants in California