November 2010 Tri-Valley Conservancy Newsletter

8/3/2019 November 2010 Tri-Valley Conservancy Newsletter

1/4

Happy ThanksgTri-Valley Conservancy Board of Direc ors is yo all e a iness

anks ivin Day can brin and in e days

a follo , all e bes of every in !

Jon C hirstensen

M ark e aton

k athy F arrell

M atthew Ford

M iChael FredriCh

r ik h ansen

Jean k ing

M iriaM M iller

JiM Perry

M ary r oberts

C hristoPher s Chlies

k arl w ente


2/4

Gift to TVC Offers Tax Advantages

Th H gh Y u T x B t, th L w th A t T x C t C t ut

FederalTax Rate

C t ut(C h Equ t)

S mp T xS g

After Tax Costof Contribution

28% $100,000 $28,000 $72,00033% $100,000 $33,000 $67,00035% $100,000 $35,000 $65,000

Giving to TVC is a great way to express your individuality and help your community become a better place. Whatbetter way to celebrate the holidays but to help theconservancy preserve open space and agriculture or uturegenerations. Besides the emotional return, your gi t to TVCalso presents certain tax advantages. A charitable gi t to TVCcould be an excellent way to reduce your income taxes.

e tax benefts o your charitable contribution are a ectedby the type o asset and the way the gi t is structured.In addition, there are some overall limits on how muchyou can deduct in any given year based on your AdjustedGross Income (AGI), the asset type and the length o yourownership. Since this can be complicated you should consult with your fnancial planning or tax pro essional to ensureyou are gi ting in the most tax e cient manner. Here aresome tax savvy strategies that you may want to consider when developing your gi ting plan to TVC.

Almost any asset can be donated as a charitable gi t. In act,

it is a great idea to gi t Appreciated assets because they areusually subject to capital gains when sold. By contributingthe appreciated securities, real estate, artwork, jewelry orother assets; neither the donor nor the charity are liable orpaying the capital gains taxes.

I you are older than 70 the IRS requires you to takea mandatory distribution rom your IRA and 401(k) whether or not you need the unds. ese distributionsare considered to be part o your adjusted gross income

and subject to income taxes. is additional income couldcause your Social Security to be subject to higher taxes andalso result in rising Medicare part B insurance premiums.Contributing part or all o your annual distribution couldreduce these impacts.

I you receive annual bonus payments or stock options,these also can easily become charitable contributions. Andi you are inheriting assets, you may wish to gi t these

unds directly or through an estate plan to TVC and receive

substantial tax advantages or your donation.

Your gi t to TVC is a physical expression o yourcommitment to preserve agriculture and open space in youcommunity. You are making a di erence by sa eguardinga part o your community or uture generations. As theholiday season and year end approaches, consider makinga contribution o your time or assets to help continue themission o TVC.

Board of DirectorsRik Hansen , Chair

Jean King , Vice-ChairMary Roberts , Secretary

Karl Wente , Treasurer Jon Christensen

Mark EatonKathy Farrell

Matt Ford Michael Fredrich

Miriam Miller Jim Perry

Christopher Schlies

Staff Sharon Burnham Executive Director

Laura Mercier Associate DirectorMonica DePalmo Stewardship

Barbara Graham O ce Manager

By Libby Mihalka, CFA, MBA Altamont Wealth Management


3/4

Land Preservation-Another Part of the Picture.Despite tough economic times, preserving agriculture landsand open space is a top priority or TVC. While thereare numerous reasons or preserving our local land, themain benefts or this community all into our categories:environmental (protecting groundwater, wildli e habitat,etc.); agriculture (ranching, arming, viticulture, orchards toname a ew); recreational (trails and parklands) and aesthetic(rural character and scenic beauty).

ere is a f th one that occasionally (i we are lucky enoughto hear about it) comes to our attention. A couple o yearsago one o our supporters, David P. Darlington, shared this

story with us.

He was working at Camp Arroyo. Camp Arroyo was builtin partnership with the East Bay Regional Park Districtand the Taylor Foundation. Camp Arroyo is located on138 acres in South Livermore Valley just pass SycamoreGrove and Veterans Park. Students and campers whovisit the camp learn about preserving and protecting theenvironment, along with lessons in confdence, sel -esteemand independence.

One o the programs David was involved in broughtchildren rom the Richmond area to spend a week at thecamp. Almost immediately there was one particular youngman, lets call him John, was brought to Davids attention.In act John was being considered to be sent home or hisbad behavior.

David started talking with him to try to fgure out what was going on. John asked David as they were standing on

the patio o the ca eteria overlooking the valley Who mathis? David assumed that John was asking about Camp Arroyo and started to explain the history and how Camp Arroyo came about.

John stopped him andsaid No, I am notasking about the camp I want to know who madethose. He was pointingto the surrounding treesand hills. David realized

John was completely out o his element. He had never been out in nature.Realizing this David was able to work with John. At the eo the week as John was about to get on bus to go back toRichmond he ran and hugged David crying and whisperedinto Davids ear he did not want to leave.

So while our community benefts rom these surroundinglands that are preserved orever, on a daily basis there arothers who beneft. We may never know about the positiveimpact our land preservation had on their lives..

is type o work requires all to participate just likethe quote it takes a village to raise a child - it takes acommunity to save its most precious resourceland.

I you are not already involved with TVC we invite you tovisit our web site www.trivalleyconservancy.org and fnd oumore about us do not hesitate to contact us we wouldlove to hear rom you!


4/4

N o n - P r o f t O r g . U . S . P o s t a g e

P A I D P e r m i t # 6 3 7 L i v e r m o r e , C A 1 7 3 6 H o l m e s S t . , B u i l d i n g B

L i v e r m o r e , C A 9 4 5 5 0

A D D R E S S S E R V I C E R E Q U E S T E D

Photo by Monica DePalmowww.trivalleyconservancy.org (925) 449-8706

B est I n s how ~ P etIte s Irah F enestra w Inery G hIelmettI V Ineyard 2007

Chardonnay Gold ~ Concannon Vineyard - Reserve 2009

Silver ~ Stony Ridge - Estate 2009Bronze ~ Darcie Kent Vineyards DeMayo Vineyard 2008

Petite SirahGold ~ Fenestra W inery Ghielmetti Vineyard 2007

Silver ~ Wente Vineyards Estate Winery Small Lot 2007Bronze ~ Bent Creek Winery 2007

Cabernet SauvignonGold ~ Bent Creek - 2007

Silver ~ Wood Family Vineyards Tomson Vineyard 2008Bronze ~ McGrail Vineyards Reserve 2007

Zinfandel Gold ~ Fenestra Winery - 2008

Silver ~ Darcie Kent Vineyards DeMayo Vineyard 2007Bronze ~ Ruby Hill Winery Peacock Patch Reserve 2008

**Congratulations Winners**

Tri-Valley Conservancys 2010 Wine Competition

Livermore Valley Uncorked

Documents

November 2010 Tri-Valley Conservancy Newsletter