Monday, July 25, 2011

Your IRA and Charitable Rollovers

If you’re like me, each year you try to donate to the organizations and causes you care about. If you ever thought of donating to your alma mater, or a favorite cause, please also consider one of Front Porch’s partner foundations. Our foundation partners, California Lutheran Homes Foundation, FACT Foundation, Pacific Homes Foundation or Sunny View Foundation, help support resident programs and services as well as capital projects at our affiliated retirement communities and affordable housing in the greater community. Here is a great article about using your IRA to make a charitable rollover.

If you’d like to discuss this or other philanthropic matters, such as a gift annuity which can provide great tax advantages along with a steady stream of income, please don’t hesitate to contact one of our three foundation executives: Keith Church (Pacific Homes and FACT foundations), Ross Merritt (California Lutheran Homes Foundation) or Bill Penrod (Sunny View Foundation). You may email them at the foundation web sites linked above. They can help you with all of your charitable gifting matters.

- Rob Klose

Tuesday, July 12, 2011

Just Around the Corner From Sunny View


Did you know that just minutes away from Sunny View Retirement Community lies one of California’s greatest and most storied wineries? That’s right. Ridge Winery (in Cupertino, CA) sits merely a few miles away from one of our own communities and its’ tasting room is open 11 am to 4 pm on the weekends and by appointment throughout the week.

Ridge Winery (bonded in 1962 but with a grape growing history that stretches back to the 1800s) sits atop the “ridge” of the Santa Cruz Mountains just to the west of Sunny View. Part of the Ridge Winery estate is the Monte Bello vineyard which routinely puts out one of the best Cabernet-based wines in the state (and the world). It is actually one of the few California wines intended to be aged, improving and gaining in complexity as it gets older. I’ve tasted (thanks to friends of mine) some 20-year-old Ridge Monte Bello wines and they have never failed to greatly impress everyone at the tasting.

At around $80 per bottle, Ridge Monte Bello certainly isn’t cheap by any standard. But in comparison to the other premier wines of the world (which run anywhere from $100 to $1,000 a bottle upon release) it actually represents a quasi bargain in the fine wine world. And Ridge, thankfully, produces plenty of other wines which are much more wallet friendly, like their Zinfandels which cost anywhere from $12 to $30. Ridge Geyserville is a particularly fine example of what a red Zinfandel can be. They also produce a great Chardonnay for those that are interested.

Ridge Winery, and more specifically its Monte Bello vineyard, has been written about by every major wine writer in the world, from Robert Parker to Jancis Robinson to the Wine Spectator. In 1976, it actually participated in what is now called “The Judgment of Paris” about which there have been books and movies made.

Ridge Winery has long been one of my favorite wineries. I encourage any and all residents, staff and friends of Sunny View to take advantage of the world class winery in your back-yard. You’ll be happy you did (oh yeah, and the views from their winery are amazing)!

- Rob Klose