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Banking & Finance

Charitable giving strategies can soften tax bite

Donor-advised funds, charitable lead trusts may reduce liabilities
May 19, 2022
Michael Maehl
Anyone looking to sell appreciated stock is unfortunately going to trigger a tax on capital gains, whether long or short term. The current legislative and political climate has produced rumblings of a potential doubling of the long-term capital gains tax.
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Ben Small to lead Innovia's LaunchNW initiative

LaunchNW aims to help students attain college, career training of choice
May 19, 2022
Karina Elias
Ben Small, longtime superintendent at Central Valley School District, will join the Innovia Foundation as executive director of a new program, LaunchNW, when he retires from CVSD at the end of the school year.
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—Virginia Thomas

Women Helping Women adopts collective giving

Pandemic prompted shift to year-round fundraising
May 19, 2022
Virginia Thomas
Women Helping Women Fund has transformed its model to a collective-giving community, a model the organization says gives more power to its donor members.
Read More
—NAC Architecture

INW nonprofits capitalize on a trend

Capital campaign managers hope to build on momentum emerging from pandemic
May 19, 2022
Erica Bullock
Businesses, organizations, and individuals didn't stop giving to local nonprofits in support of capital campaigns throughout the pandemic, as evidenced by at least four nonprofits who are in the midst of construction or have recently completed
Read More

Washington Trust Bank parent to repurchase $10 million in shares

Bank holding company shares trade at $370-$399
May 5, 2022
Karina Elias
Spokane-based WTB Financial Corp., the holding company for Washington Trust Bank, has launched a $10 million share repurchase program. The bank's board of directors authorized the share repurchase program March 1, and it will be in effect over
Read More
—Virginia Thomas

Icons 2022: Coopers & Lybrand's Gordon Budke

Budke's legacy threads through many Spokane organizations
May 5, 2022
Virginia Thomas
The list of Spokane-based organizations Gordon Budke has been involved with over the decades contains many familiar names, including Momentum '87, Leadership Spokane, the Spokane Area Economic Development Council, Eastern Washington University,
Read More

Employers play roll in future of affordable health care

Well-communicated benefits contribute to business growth
April 21, 2022
Zach Proett
Optimizing benefit costs begins by exploring the current forces that drive them. A basic understanding of how they interrelate prepares employers to think more critically about spend allocations for benefits
Read More
—Karinia Elias

Idaho Central Credit Union enters Washington market

Building changes hands; Banner Bank had vacated to consolidate branches
April 21, 2022
Karina Elias
Idaho Central Credit Union has opened its first branch in Washington state at the former Banner Bank building at 41 W. Riverside in downtown Spokane. ICCU purchased the building in November for $13.5 million from 41 W. Riverside LLC, which was owned
Read More

SBA urges emphasis on racial, gender equity

Underrepresented groups disproportionately hurt economically by pandemic
April 7, 2022
Mike Fong
Since the start of the pandemic, the U.S. Small Business Administration has worked to save the nation's small businesses. In Washington state alone, the agency provided more than $11 billion worth of economic aid, and 178,000 loans and grants
Read More

Now is time to start 2022 tax, wealth planning

Key highlights this year include some increases in retirement plan limits
April 7, 2022
Charissa Anderson
We tend to be most aware of our specific income, charitable contributions, family gifts, and retirement savings or withdrawals as we gather our information for last year's tax return preparation.
Read More
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