Support Via Riders Through Your IRA

Donate From Your IRA

Save on taxes and make a meaningful impact for Via riders by donating directly from your IRA.

If you’re 70.5 or older, you are eligible to make charitable distributions from your IRA. And if you’re 73 and older, you must make a required minimum distribution (RMD) from your IRA every year. That distribution is taxed unless you donate it to a qualified charity like Via Mobility Services.

How It Works

  • Your gift will be put to use immediately, allowing you to see the difference your donation is making for Via riders in your community.
  • QCDs can lower your taxable income since they aren’t taxed like regular withdrawals. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
  • Use a QCD to donate part or all of your RMD.

A traditional IRA allows you to contribute pre-tax dollars to an account where the money is put into investments and grows over time. As an IRA holder, you are only taxed when taking the money out of your account—never when money is going in.

When you do take it out after retirement, withdrawals are taxed at your current income tax rate. So giving a tax-free gift from this account can keep your overall income taxes down while meeting your RMD. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Gifts of any value of $100,000 or less are eligible for this benefit, and you can feel good knowing that you are making a difference by ensuring Via continues offering vital transportation services to our neighbors, family, and friends with mobility limitations.

Ready to donate from your IRA and make a difference for Via riders?

Make a Distribution Online

Log in to your IRA custodian website to make a direct distribution to:

Via Mobility Services, 2855 63rd St., Boulder, CO 80301

Federal tax ID number: 84-0777296

Print and Mail and Distribution Letter

This one-page letter is pre-filled with the information you need to make a distribution to Via Mobility Services. Simply add your information, print the letter, and mail it to your retirement account provider.

Download Letter

Share this Page with Your Financial Advisor

Your advisor knows your financial situation best. Share this opportunity with them to see how supporting Via Mobility Services can fit into your goals. Click to email this page of resources to your advisor for their consideration.

Email My Advisor

Please Share Your Plan With Us

Please let us know of your gift. Most retirement plan administrators will not notify a charity of your designation or monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that your intentions are honored. We would also like to thank you for your generosity.

Email Via Call 720.507.8606

Frequently Asked Questions

I am turning age 70½ in a few months. Can I make this gift now?

No. You must be 70½ by the date you make the gift.

I have several retirement accounts—some are pensions, and some are IRAs. Does it matter which retirement account I use?

Yes. Direct gifts to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, thrift savings plan (TSP), 401(k), or 403(b) plan into an IRA and then make the transfer from the IRA directly to Via Mobility Services. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.

Can my gift be used as my required minimum distribution?

Yes, absolutely. Beginning in the year you turn 73, you can use your gift to satisfy all or part of your RMD.

Do I need to give my entire IRA to be eligible for the tax benefits?

No. You can give any amount under this provision, as long as it is no more than $100,000 per year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift.

When do I need to make my gift?

We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.

I have two charities I want to support. Can I give $100,000 from my IRA to each?

No. Under the law, you can give a maximum of $100,000 per year. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income.

My spouse and I would like to give more than $100,000. How can we do that?

If you have a spouse (as defined by the IRS) who is 70½ or older, they can also give any amount up to $100,000 from their IRA.

Can I use the transfer to fund life-income gifts like charitable remainder trusts or charitable gift annuities?

Yes! If you are 70½ or older, you may now make a one-time election for a qualified charitable distribution of up to $50,000 (without being taxed) from your IRA to fund a life-income gift. Some limitations apply, so contact us for more details and a personalized illustration at no obligation.

I have already named Via Mobility Services as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime?

By making a gift this year of any amount up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA as long as it is $100,000 or less for the year.

Can I designate my IRA gift at any age?

Yes. No matter your age, you can designate Via Mobility Services as the beneficiary of all or a percentage of your IRA, and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form.

 

Via Mobility Services is a 501(c)(3) nonprofit organization. All gifts are tax-deductible as permitted by law. For legal and tax advice, please consult your attorney or tax advisor.

Starting July 1, the Mountain Rides shuttle will be available on Mondays, in addition to Wednesdays and Thursdays.
Starting July 1, the Mountain Rides shuttle will be available on Mondays.