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News

LASD approves advisory committee expansion

Los Altos School District trustees approved a resolution Aug. 25 to expand their Facilities Master Plan Advisory Committee, which provides the district with advice on future facilities projects.

The resolution broadened the membership of the committ...

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Schools

Program turns parents into school-day advocates

Program turns parents into school-day advocates


Courtesy of Sonia Maiello.
Project Cornerstone parent reader Sonia Maiello regales a Montclaire classroom.

Parent volunteers at Montclaire Elementary School in Los Altos are gearing up for the seventh year of Project Cornerstone, a countywide YMCA ...

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Community

'Beach Blanket Babylon' star entertains Rotary Club

'Beach Blanket Babylon' star entertains Rotary Club



“Beach Blanket Babylon” star Tammy Nelson entertains members of the Rotary Club of Los Altos Aug. 21. Jerry Tomanek/Special to the Town Crier

Wearing 300-pound hats as she belts out clever, zany and often bawdy songs, Tammy Nelson stars in th...

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Sports

Eagles, Spartans gear up for gridiron season

Eagles, Spartans gear up for gridiron season


Photos by Ellie Van Houtte/Town Crier
Los Altos and Mountain View highs have new starting quarterbacks this year, with Kyle Gnoud, above, taking over for the Eagles.

If any game defined the 2013 football seasons for Los Altos and Mountain View highs...

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Comment

You may have already won!: A Piece of My Mind

There is something irresistible in the idea of buried treasure brought to light. We love to hear about the dusty picture in the attic that turns out to be a genuine Rembrandt, the stock certificate in the bottom of the neglected safe deposit box tha...

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Special Sections

A Chrysler comeback New 200C is proof the company is relevant again

A Chrysler comeback New 200C is proof the company is relevant again


Courtesy of Chrysler
The 2015 Chrysler 200C offers a 295-horsepower V-6 engine and the SafeTec package. The interior features comfortable front seats, lots of legroom and a restyled center-console area.

The reborn Chrysler Corp. is a success story ...

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Business

Modern art exhibit comes to Los Altos: Passerelle teams with Christie's on pop-up venture

Modern art exhibit comes to Los Altos: Passerelle teams with Christie's on pop-up venture


images courtesy of Christie’s 2014
Christie’s auction house will host a pop-up exhibit Sept. 10-18 in downtown Los Altos. Works on display will include Roy Lichtenstein’s “Girl in Mirror,” valued at $2 to 3 million and a 2013 untitled work by Korak...

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Books

‘The Humans’ transcends alien genre to glean human insights

‘The Humans’ transcends alien genre to glean human insights


A good story about aliens is always great fun to read – after all, it’s only by attempting to understand the human race from another perspective that we can see ourselves more objectively.

But readers who might be tempted to dismiss ye...

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People

SARA MITTELMAN

Sara Mittelman, 97, was born May 10, 1917 and died August 15, 2014 at Menorah Medical Center. She was born in Pilica, Poland and came to the USA in 1950. Sara was a Holocaust survivor who lost her entire family during the war. She was one of the olde...

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Travel

Visiting Vancouver Western Canada's premier destination has much to offer

Visiting Vancouver Western Canada's premier destination has much to offer


Photos courtesy of TOURISM VANCOUVER
Outdoor adventures abound in and around Vancouver, including a boat excursion into Horseshoe Bay and a jaunt on the Cliffwalk at Capilano Suspension Bridge Park, among the most popular attractions in British Col...

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Stepping Out

Los Altos Stage Company attaches itself to

Los Altos Stage Company attaches itself to "Trailer"


COURTESY OF LOS ALTOS STAGE COMPANY
The cast of “The Great American Trailer Park Musical” includes, clockwise from left, Mylissa Malley (Lin), Christina Bolognini (Pickles) and Vanessa Alvarez (as Betty).

Los Altos Stage Company launches its 19t...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host o...

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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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