Gifts made after your lifetime that use tax and charitable estate planning techniques are often referred to as estate planning or planned giving. Many people feel they do not have the capability to make a gift during their lifetime. However, here are a few easy options for making planned gifts while protecting against life’s uncertainties. Refer to your tax attorney for additional options and details.
A bequest is an instruction in your written will that states how to distribute all or some of your available estate. There are three primary types of bequests: specific, percentage, and residual. With a future gift in your will or living trust, nothing changes until your estate is settled. You retain 100% control of your assets throughout life.
I give to Via Mobility Services, 2855 N. 63rd Street, Boulder, CO 80301, Tax ID#84-0777296, a Colorado nonprofit corporation, the sum of $_____ (or ____% of my estate or the property described herein), for its general purposes.
I give to Via Mobility Services, 2855 N. 63rd Street, Boulder, CO 80301, Tax ID#84-0777296, a Colorado nonprofit corporation, all (or ____%) of the rest, residue, and remainder of my estate, both real and personal, for its general purposes.
Legal Name: Via Mobility Services
Address: 2855 N. 63rd Street, Boulder, CO 80301
Federal Tax ID Number: 84-0777296
There are several ways life insurance can fulfill charitable goals. If your family has a permanent life insurance policy that is no longer needed, it could be an option for a charitable gift. The policy can be donated outright, making Via Mobility Services the immediate owner and beneficiary. Or you can retain ownership of the policy but name Via Mobility Services as the beneficiary. If no current policy exists, you can establish a new one to benefit Via and make annual donations to cover premium costs.
Retirement plan assets (such as interests in qualified plans and IRAs) grows on a tax-deferred basis and can be subject to income tax when sold or at end of life. They can be excellent options for charitable gifts since nonprofit organizations are exempt from income tax. The most common gift example is naming a charitable organization as a beneficiary of an IRA.
For help with your charitable giving needs, please contact Zoe DeVito, Director of Development and Communications, at 720-507-8606 or zdevito@ViaColorado.org.