Sun04262015

News

LAH resident killed in cycling accident

LAH resident killed in cycling accident

A longtime Los Altos Hills resident and philanthropist struck by a bicyclist Monday (April 20) while walking along Page Mill Road has died from the injuries she sustained.

Kathryn Green, 61, died a day after the accident, according to the Santa Clar...

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Schools

LASD Junior Olympics scheduled Saturday

LASD Junior Olympics scheduled Saturday


Town Crier File Photo
The Los Altos School District Junior Olympics are slated Saturday at Mountain View High School. District officials say the opening ceremonies, above, are always memorable.

Los Altos School District fourth- through sixth-grader...

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Community

Altruism, adventure in Africa: Los Altos couple relates experiences in new book

Altruism, adventure in Africa: Los Altos couple relates experiences in new book


Courtesy of Wendy Walleigh
Rick and Wendy Walleigh spent a year and a half in Swaziland and Kenya.

Los Altos residents Rick and Wendy Walleigh experienced long, successful high-tech careers. But retirement? No, it was time for an encore.

Leavin...

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Sports

Workout warriors

Workout warriors


Megan V. Winslow/Town Crier
Los Altos High gymnast Jessica Nelson soars by coach Youlee Lee during practice last week. Lee is a 2005 Los Altos High grad.

Some coaches would like to see their athletes work harder. Youlee Lee has the opposite problem ...

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Comment

Ending the debate: No Shoes, Please

In a general sense, everything is up for debate with me: What do I cook for dinner? Did I do the right thing? What color paint for the bedroom? Do I really want to go? Has the team improved? What difference does it make? Should I give him a call? Is...

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Special Sections

Fitness focus: No holds barred for Los Altos sisters

Fitness focus: No holds barred for Los Altos sisters


Photos Courtesy of Barre 3
Gillian Brotherson, kneeling at left, guides studio instructors through a workout at barre3 Los Altos.

Health is all about balance. That’s what two Los Altos natives learned as they navigated work, motherhood and welln...

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Business

Physical therapist brings business background to new Los Altos clinic

Physical therapist brings business background to new Los Altos clinic

Courtesy of Eliza Snow
Strive owner Robert Abrams, kneeling, runs a balance test.

With more than a dozen physical therapy clinics in Los Altos, one new business owner streamlined his approach in an effort to set his practice apart.

“I always wan...

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Books

People

CAPTAIN: CHARLES THOMAS MINOR

CAPTAIN: CHARLES THOMAS MINOR

Age 96

December 7, 1918  - March 28, 2015 

Chuck passed away peacefully in the home he built in Los Altos surrounded by his beautiful wife of 69 years, Bonnie, his two sons and their spouses, David Minor & Caryn Joe Pulliam; Steve &...

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Travel

Cuba libre: Local residents join mad rush of travelers

Cuba libre: Local residents join mad rush of travelers


Natalie Elefant/Special to the Town Crier
Los Altos resident Natalie Elefant noted the vibrant street performances as a traveler in Cuba.

The U.S. restored diplomatic relations with Cuba late last year, enabling Americans to import $100 worth of cig...

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Stepping Out

Stage fright

Stage fright


Joyce Goldschmid/Special to the Town Crier
“The Addams Family” stars, from left, Betsy Kruse Craig (as Morticia), Joey McDaniel (Uncle Fester) and Doug Santana (Gomez).

The Palo Alto Players production of “The Addams Family”...

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Spiritual Life

Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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Inside Mountain View

Up to the challenge: Local leaders unite to help at-risk youth

Up to the challenge: Local leaders unite to help at-risk youth


Courtesy of Challenge Team
Jeanette Freiberg, bottom of pile, has fun with family members. The Challenge Team named Freiberg, a student at Mountain View High School, its 2015 Youth Champion.

There’s an ongoing joke among members of the Challenge...

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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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