Beneficient Salutes SEED Grants Advancing Rural Prosperity in Kansas

Core Insights - Beneficient congratulated 15 Kansas communities for receiving a total of $337,833 in SEED grants aimed at strategic economic expansion and development [1][3] - The SEED program is funded through the Kansas Technology-Enabled Fiduciary Financial Institutions (TEFFI) Act, under which Beneficient's subsidiary received the first TEFFI charter in the state [2][4] - Since its inception in 2021, the SEED program has allocated over $3.5 million to Kansas communities, enhancing quality-of-life projects [3] Funding and Contributions - The 2025 SEED grants, combined with local matching contributions, amount to nearly $1.1 million in total investment for small communities with populations under 5,000 [3][5] - Awardees are required to provide at least a 10% match and complete their projects within 12 months, leveraging over $744,000 in local contributions [5] Company Mission and Operations - Beneficient aims to democratize the global alternative asset investment market by providing solutions for mid-to-high net worth individuals and small-to-midsized institutions [6] - The company plays a significant role in supporting local initiatives such as childcare, community spaces, and food access through its TEFFI Development and Expansion Fund [4][6]