Co-Founder & CEO | Beneficial State Bank
Kat Taylor works in service of restoring social justice and environmental well-being to build a more equitable and inclusive world. Kat is active in a variety of social enterprises and philanthropic ventures on the West Coast focused on deep systems change. Currently, she serves as Co-Founder and CEO of Beneficial State Bank, a Community Development Financial Institution (CDFI) and certified B Corporation whose mission is to bring beneficial banking to low-income communities in an economically and environmentally sustainable manner – and to change the banking system for good. Kat believes it’s not enough to dream that philanthropic resources can clean up damage to our society after the fact; we must instead align fundamental institutions, including business, with the public interest in the first place.
Beneficial State Bank is the result of aligned mergers between OneCalifornia Bank, which Kat and her husband, Tom Steyer, founded in Oakland, CA, ShoreBank Pacific, Pan American Bank, and Albina Community Bank. Beneficial State Bank operates 17 locations throughout California, Oregon, and Washington. The bank’s revolutionary ownership structure mandates that any distributed profit be invested in the low-resourced communities it serves and the environment upon which we all depend. With strong organizational commitments to diversity, inclusion and environmental justice, Kat’s work focuses on advancing a fair, regenerative, and prosperous economy for all.
Kat is also a Founding Director of TomKat Ranch Educational Foundation (TKREF), dedicated to inspiring a sustainable food system through ranching best practices, training, educational tours, scientific research, and school food and garden programs. TKREF owns the social enterprise LeftCoast GrassFed, humanely raising cattle and other livestock for the benefit of healthy soils. Kat serves and has served on many non-profit boards including, Ecotrust, Good Samaritan Family Resource Center, ProPublica, the Community Development Bankers Association (CBDA), Forager, and CuriOdyssey. She graduated from Harvard College and earned a JD/MBA from Stanford University. She and Tom Steyer, Kat’s climate/energy/justice activist husband have four grown children, each pursuing their one wild and precious life, too.