What you must know if you’re thinking of selling your home in 2017

Selling your home can be one of the most important decisions of your life.

  • When should you sell?
  • How can you maximize the sales price and proceeds?
  • What are the tax strategies for addressing capital gains?
  • How could tax changes by the new administration affect the market?

Answers to these questions and more at this informal panel discussion with three local experts.

Dennis Young, CPA, Young, Craig & Co., LLP
Laurie Look, Family Wealth and Tax Planning Attorney, Hopkins & Carley
Nick French, Real Estate Broker, Sereno Properties

Sponsored by Los Altos Community Foundation

Thank you to E3 and LACF from Mariano Castro Elementary School

E3 awarded a grant to pilot MathUnboxed to students and their families at Mariano Castro Elementary School, Mountain View. Thank you to the E3 Leadership Board for critical seed funding to launch MathUnboxed!

This program distributed folders to First, Second and Third graders. Each folder contains a set of take-home math games for students to play with their families.

The E3 Youth Philanthropy Program brings together local high school students to help realize their vision and hopes for social change.

E3, also known as E-Cubed, seeks to educate, engage, and empower local youth to effect positive change in their local and global communities through service learning, leadership training, and grant-making activities.  E3 is one of three youth-oriented programs sponsored by the Los Altos Community Foundation.

 

Welcome Ellen Saliba our new Board Treasurer

Ellen has worked in finance and operations in the computer industry for over 25 years.  She has a degree in accounting and an MBA from Babson College, where she has served as a trustee.  Since 1991 Ellen has lived in Los Altos with her husband, where they have raised three daughters. 

Ellen has been active in Girl Scouts, LAHS Athletic Boosters and PTSA and National Charity League, where she served on the National Board of Directors as both treasurer and president. Currently Ellen serves on the Foothill-DeAnza College District Measure C Citizens’ Bond Oversight Committee, as a mentor at Los Altos High School, and continues to serve as an adviser to National Charity League.

Former LACF Board Co-Chair Claudia Coleman named 2016 Los Altan of the Year

Claudia Coleman PhotoThe Town Crier has named Claudia Coleman, a longtime resident who has held leadership positions at the Los Altos Community and El Camino Hospital foundations, 2016 Los Altan of the Year.

Modeled after Time Magazine’s Person of the Year, the Town Crier’s annual honor recognizes a resident whose volunteer work generates goodwill and forwards Los Altos’ reputation as an outstanding community.

From the Los Altos Town Crier

Claudia has been involved with LACF since 1996, participating in LACF’s first Leadership Education Advancement Class (LEAD).  Since then she has contributed actively as a member of the LACF board and has served as program manager for the LEAD since 2009.

She is currently a member and past-chair of the El Camino Hospital Foundation Board. She previously served on the boards of the American Red Cross and Pilgrim Haven, now known as The Terraces of Los Altos.  Claudia was recognized for her volunteerism by Los Altos-Los Altos Hills Joint Community Volunteer Service Awards and the John W. Gardner Award .

Thanks for your dedication to your community, Claudia. From your friends at LACF.

LACF Gave Over $1.4 million in Grants to Nonprofits

LACommunityFoundationlogo

Thanks to the generosity of our local community, Los Altos Community Foundation and its donor advised funds gave over $1.4 million in grants and scholarships during the past year. $910,000 of these grants were awarded to local students and organizations in Los Altos, Los Altos Hills and Mountain View, a 34% increase over last year.  

Jim Boin, development director of Community Services Agency, said LACF focuses on the needs of local residents. “Money from the community stays in the community,” Boin said.

LACF Community Grants are awarded to nonprofits helping vulnerable populations, seniors, youth, education, the environment, and the arts.  Grants support new initiatives and existing programs.  

The Foundation’s Community Grants program is operated in partnership with the David and Lucille Packard and Heising-Simons Foundations.  Additional grants and scholarships come from LACF’s Donor Advised and Scholarship Funds, and LACF programs.

“We value our role connecting donors and resources with nonprofits to address community needs,” said Joe Eyre, LACF executive director.

Kicking off its first Community Grants cycle this fiscal year, LACF recently awarded another $73,000 to local nonprofits.  

 

Grants Recipients include:

  • Bay Area Furniture Bank: working to provide basic furniture and household items to local families in need and those transitioning out of homelessness.
  • Cantabile Youth Singers scholarship fund: providing tuition assistance so that needy students may participate in a choral music education and performance program.
  • Los Altos Dispute Resolution Services (LADRS): offering free mediation services to resolve local neighborhood, landlord-tenant, and business disputes.
  • Hope’s Corner: providing free breakfast and lunch to hungry children, families, and seniors every Saturday in Mountain View.
  • JustREAD: offering one-on-one tutoring services to struggling students.

Now in its 25th year, Los Altos Community Foundation enables residents, private foundations, and businesses to strengthen the community through local philanthropy and civic engagement.  

LACF and its donors address local needs through grant making to nonprofits, leadership and community-building programs, incubating startup nonprofits, providing donor-directed charitable funds, and bringing groups together to solve local issues.

2016 LACF Impact

LACF Impact Anniversary banner.2ai

The following is a partial list of how your support has enabled LACF to impact our community during the past year.

 

Strengthening our Nonprofit Community through Grantmaking:

  • LACF and its funds gave over $1.4M in grants and scholarships (over $10M since LACF’s founding).
  • More than 59% of these grants went to Los Altos, Los Altos Hills and Mountain View, supporting need-based scholarships and grants to nonprofits focusing on Arts & Culture, Community Building, Health & Safety, Seniors, Vulnerable populations, and Youth & Education.
  • Scholarships totaling $160,000 were awarded to 72 local high school graduates.
  • LACF’s Community Grants program awarded 54 grants this fiscal year.
  • The Community Grants program is partnered with the David and Lucile Packard Foundation (9th year) and the Heising-Simons Foundation (2nd year).
  • LACF was honored as the Outstanding Foundation Grantmaker by the Silicon Valley chapter of the Association of Fundraising Professionals.
  • Addressing Community Needs through LACF Programs and Initiatives
  • Our community is better prepared for disasters through LACF’s Los Altos Prepare.  City, County Fire, CERTs, HAMs and LACF’s Block Action Team (BAT) leaders have coordinated response plans in case of a major emergency.
  • Los Altos Dispute Resolution Service (LADRS) has solved hundreds of neighbor-to-neighbor, tenant/landlord and other types of disputes for over 20 years via this free mediation program.
  • Your donations helped local seniors.  The Center for Age-Friendly Excellence (CAFE) is leading communities throughout our county in becoming ‘Age-Friendly’ – World Health Organization recognized for communities committed to seniors’ quality of life.
  • LACF accepted two projects, GreenTown Los Altos and MVLA Service League of Boys, to its nonprofit incubation program.  LACF now supports 16 programs addressing community needs.

Investing in the Next Generations:

  • More than 30 families and individuals will be giving back to our community forever through their legacy gifts to LACF.  Legacy gifts to LACF’s Community Endowment fund benefit future generations.  Marion and Bob Grimm’s legacy gift has been contributed to the fund.
  • LACF’s E3 Youth Philanthropy program celebrated 10 years of teaching our teens to give back to their community.  Your donations enabled us to hire a new program director, Judy Crates, a respected, retired principal who brings exciting new ideas to the program.

Developing and Recognizing Community Leaders:

  • Leadership Education Advancement Program (LEAD): More than 350 LEAD graduates over 20 years, many have become City or nonprofit leaders.
  • Celebrated 25 exceptional volunteers from 25 local nonprofits at the 12th annual John W. Gardner Awards dinner.
  • LACF and its programs enabled hundreds of volunteers to contribute to the community this year.

Improving the Quality of Life in Our Community:

  • LACF hosted the 15th annual 4th of July community picnic in Shoup Park.  Families of all ages enjoyed the games, events, and patriotic music.
  • Los Altos Forward, a program of LACF, is now in its 5th year of supporting Downtown Los Altos First Fridays.  This past year the program started Club 55, a “pop-up” social club for seniors.
  • Los Altos Forward has hosted more than 30 educational, free “Community Conversations” about creating vibrant communities.

Fostering Innovative Philanthropy:

  • Partnered with the Los Altos School District to create an online “bulletin board” to connect teachers with available local housing.
  • Worked with Google, LinkedIn, Synopsys, and Symantec to create the Mountain View Corporate Philanthropy Fund to address social issues in Mountain View.
  • Offered community members a chance to learn about social benefit philanthropy from Thane Kreiner of the Miller Center for Social Entrepreneurship, who spoke at the 24th annual LACF brunch.

Your support of LACF made these accomplishments possible.  Thank you!

Donate Online

2016 Summer Solstice in Pictures

Thanks to all who made Summer Solstice a great evening for all. More than 200 hundred LACF donors and friends enjoyed an evening of local wines, acapella music, and each other’s company.

 

Donate Online

 

2016 Annual Legacy Circle Luncheon, May 10th

LACF is hosting its annual lunch for Legacy Circle members on May 10th.  If you have already included LACF in your estate plans, or intend to do so, please let us know by May 1st.  You may return the Legacy Circle Membership Confirmation form or just give us a call at 650-949-5908.

Would you consider giving a gift that benefits the community forever, but costs you nothing?   This is a Legacy Gift to LACF.  Your Legacy Gift will seed LACF’s Community Endowment fund.

Why a Community Endowment fund?
Silicon Valley has been doing well, but our economy may not be steady forever.  Don’t you want to know that LACF and its programs will continue to flourish during tough times?  A Community Endowment fund will help LACF strengthen our valued local educational, cultural, and community-service organizations through any economic cycle.

Why now?
The time to build a Community Endowment fund is when times are good.  Leaving a Legacy Gift today ensures that our Community Endowment fund will there for support in the years ahead.

How to easily leave a Legacy Gift?
Leaving a Legacy Gift can be as simple as naming LACF as a beneficiary of your retirement funds, such as an IRA, 401k or 403b, or life insurance policy.  This can also ease the potential tax burden on your loved ones.

vickianddave

Reminder!  If you’d like to join the Circle, you may return the Legacy Circle Membership Confirmation form or just give us a call at 650-949-5908.

A special thank you to our sponsors:

Loebner Law LogoStarLight