Mon12292014

News

Merry spirits: Traditional holiday drinks and memories that surround them

Merry spirits: Traditional holiday drinks and memories that surround them


Christine Moore/Special to the Town Crier
Town Crier columnist Christine Moore’s holiday drink menu includes her take on the Moscow Mule, the Bucking Reindeer.

Growing up, our dogs were always outside dogs. We lived in the country, which made...

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Schools

Santa Rita visits The Terraces

Santa Rita visits The Terraces


Susie Greenwald’s third-grade class at Santa Rita School has a special relationship with The Terraces at Los Altos, a senior retirement community. The class visits the center once a month to share quality time with the residents, above. The s...

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Community

Veterinarians offer advice for keeping pets safe over holidays

Veterinarians offer advice for keeping pets safe over holidays


Traci Newell/Town Crier
The holidays present a number of hazards for pets. Be sure to secure electrical cords to keep playful cats at bay.

During the holidays – when people tend to focus more on family and food – pets are often overlooked. But...

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Sports

Owls getting a lot out of a little

Owls getting a lot out of a little


In a typical season for the Foothill College women’s basketball team, coach Jody Craig wouldn’t be satisfied with a 7-4 start and No. 8 ranking in Northern California.

But this isn’t a typical season. Craig had just a few weeks ...

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Comment

Holiday cheer: No Shoes, Please

Admittedly, the holidays are not my favorite time of year. I don’t like sharing streets and parking lots with a zillion other people who need to get their shopping done. I don’t like being reminded by a holiday doomsday countdown clock h...

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Special Sections

Looking Ahead

Looking Ahead


s in line to be mayor of Mountain View in 2015.

Mountain View anticipates the following changes in 2015:

• Beginning Jan. 1, Mountain View City Councilmembers will receive a raise to $1,000 per month as a result of the passage of Measure A in...

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Business

Pharmacy headed to 400 Main St.

Pharmacy headed to 400 Main St.


Ellie Van houtte/Town Crier
Pharmaca Integrative Pharmacy is scheduled to open a new store in the Jeffrey A. Morris Group’s 400 Main St. project. The new location will open in late February.

A new tenant is slated to call the recently complet...

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Books

Gawande's

Gawande's "Being Mortal" proves an important book on aging


Books about death and dying are usually not on my list of “must reads.”

I couldn’t resist, however, the best-selling “Being Mortal: Medicine and What Matters in the End” (Metropolitan Books, 2014) by Atul Gawande.

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People

MERLYN "DALE" STUBBS

Merlyn "Dale" Stubbs, a 51 year resident of Los Altos Hills, passed away on December 15, 2014.

Dale was born to Harry and Anna Stubbs in Americus, Kansas on February 10, 1926.

When Dale was 9 years old his father, a carpenter, suffered a fatal hear...

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Travel

South Tahoe renovations enhance off-mountain seasonal fun

As any enthusiast knows well, there is more to the enjoyment of winter sports than skiing or snowboarding.

While many winter resorts make minor upgrades each season, the off-mountain attractions and amenities can be as enticing as the activities on ...

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Stepping Out

'Starcatcher' runs until Jan. 3 in PA

'Starcatcher' runs until Jan. 3 in PA


Kevin Berne/Special to the Town Crier
Adrienne Walters stars as Molly and Tim Homsley portrays Peter in the TheatreWorks production of “Peter and the Starcatcher,” playing through Jan. 3 at Palo Alto’s Lucie Stern Theatre.

TheatreWorks’ producti...

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Spiritual Life

The good news: Christmas means the long wait is over

Ah, Christmas! The stockings are hung by the chimney with care, the presents are set to be given and received, and preparations are underway to be with family.

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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'Tis the season for charitable giving – and tax savings

For some, the end-of-year holidays engender thoughts of helping those less fortunate. For others, it’s a time to develop strategies to save on taxes.

Charitable giving allows you to achieve both goals. However, what if you would like to help but don’t yet know which charities you prefer? One of the most flexible ways to address this is to use a donor-advised fund (DAF).

A DAF is an account similar to a 401(k), sponsored and administered by a public charity for the purpose of managing charitable donations to other organizations on your behalf. It offers you the opportunity to donate money and get an immediate tax deduction before deciding which charities you want to fund. Rather than making donations directly to your favorite charities, you can donate the money to a DAF and in the future direct grants to specific charities through the DAF. For wealthy individuals and families, a DAF provides simpler accounting, higher tax-deduction limits and less strict payout requirements compared to creating your own private foundation.

However, there may be differences across DAFs in the offerings, so selecting the most appropriate one can be challenging. Following are questions you should ask the sponsoring organizations before selecting the right DAF for you.

• What types of grants will the DAF sponsoring organization approve? Generally DAFs are able to support most 501(c)(3) organizations, but there are sometimes restrictions, such as religious or international requirements. If you cannot support your favorite charities through the fund, it’s probably not for you.

• Will the DAF accept assets other than cash for funding? Many DAFs accept publicly traded stock, privately held company stock, real estate, life insurance and even art and collectibles.

• What are the investment options? Is there a minimum account size? Some DAF sponsors allow donors or their financial advisers to manage the funds within the DAF themselves. This may be of value to you if you plan on making distributions over a long period of time.

• What is the process for making grants from the fund? Is there a minimum amount? Can it be done by phone or online? Is there an approval process? What are the costs?

• What resources are provided to help clients identify causes or charities and plan their giving? If you know exactly which charities you want to support, you won’t need such help. But some sponsoring organizations additionally help educate their DAF account holders on local needs as well as how to be more effective donors. Working with such organizations could help develop a greater sense of pride and satisfaction through your charitable giving.

• Can the assets in a DAF account be transferred to another DAF sponsor? You may want to change in the future for any number of reasons or may simply prefer not being locked in.

• What happens when the DAF account creator is no longer alive? Can successor trustees be named? Can the DAF holder designate charitable beneficiaries to receive the final amount in the fund?

When it comes to selecting a DAF, there is no shortage of choices. Brokerage houses Fidelity, Schwab and Vanguard run the largest national DAFs. If you are more inclined to support your local community, there is the Los Altos Community Foundation right in our own backyard. It supports local nonprofits as well as national charities.

Regardless of your preference, DAFs remain an excellent vehicle through which you can accomplish good in the community while at the same time saving on your taxes.

Los Altos resident Artie Green is a Certified Financial Planner and principal at Cognizant Wealth Advisors. For more information, call 209-4062 or email This email address is being protected from spambots. You need JavaScript enabled to view it. .

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