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EMAILED
FOR IMMEDIATE RELEASE
CONTACT: Magda Herrera
(206) 658-2604
Magda@impactcapital.org

 

OLYMPIA FEDERAL SAVINGS DONATES $5,000 TO IMPACT CAPITAL

SEATTLE, WA – July 7, 2010 – Olympia Federal Savings (OFS) donated $5,000 to Impact Capital’s operating fund on June 10, 2010. The contribution will play a valuable role is covering Impact Capital’s general business expenses, allowing the Impact Capital team to focus on their goal of building and sustaining vibrant neighborhoods in Washington.

Olympia Federal Savings is a long established financial institution that strives to better the community through personalized financial services and charitable contributions. OFS measures success by the way they give back to the community – as an institution and as individuals. They return in excess of 5% of their annual earnings to the community each year. OFS’s support of Impact Capital is testimony to their strong commitment toward serving and developing communities.

Impact Capital’s role is to blend mission with financial impact. By addressing the needs of underserved neighborhoods and low to moderate income families, Impact Capital provides a crucial link in the world of community development. Without operating
support from funders like Olympia Federal Savings, it would be impossible to serve these organizations and communities.

“Because our flexible financial tools aren’t available in the marketplace, our zero-interest predevelopment loans and interest-bearing bridge loans can help a project move forward to serve families, students, workers, and communities,” says Heyward Watson, Executive Director of Impact Capital. “We sincerely thank Olympia Federal Savings for recognizing our value and for continuing to support our work. Donations like these are what keep our wheels turning—they help us help the community.”

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Impact Capital helps build and sustain vibrant neighborhoods in underserved communities throughout Washington.