Donna Walker has been engaged in business appraisals since 1984. She specializes in estate and gift tax valuations, ESOP valuations and financial advisory services, the valuation of limited partnership interests and other pass through entities, litigation support services, and has testified in various litigation matters, including in U.S. Tax Court.

Prior to founding Columbia Financial Advisors, Inc. in 1992, Ms. Walker was a Principal at Willamette Management Associates, Inc. where she focused on business appraisal and financial advisory services for ESOPs estate and gift tax and litigation support purposes.

Ms. Walker is an Accredited Senior Appraiser of the American Society of Appraisers designated in Business Valuation and Business Valuation Appraisal Review and Management, and holds a Chartered Financial Analyst designation. She is a past member of the Appraisal Foundation Business Valuation Resource Panel and a past member of the ASA Business Valuation Discipline Committee. Ms. Walker earned her Bachelor of Arts degree with honors from the University of Wisconsin, Madison in 1975. She is a member of The ESOP Association, the National Center for Employee Ownership, the CFA Institute, and the CFA Society of Portland. She is past president of the American Society of Appraisers and is a member of the American Society of Appraiser’s College of Fellows. Ms. Walker was a course developer and instructor for the ASA business valuation course on valuing ESOP shares. She is a frequent speaker, lecturer, instructor, and author on matters involving valuation. Ms. Walker has testified in U.S. Tax Court.

Ms. Walker’s knowledge, experience and dedication to the business appraisal profession are borne through her commitment to the American Society of Appraisers as follows:

  • College of Fellows, (2007 – present)

  • International President, (2005 – 2006)

  • International Vice President, (2004 – 2005)

  • International Treasurer/Secretary, (2003 – 2004)

  • Past Member, Business Valuation Committee, (1998 – 2001, 2007 – 2013)

  • Course Developer and Instructor

    • “Valuing ESOP Shares”

  • Past Chair, International Admission and Membership Committee

  • Past Regional Governor

  • Past President, Portland Chapter


Phone: (503) 222-0562 ext. 156

Fax: (503) 222-1380


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