Charitable Donations

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   Thank You for Keeping AT Free Fare

Donate to the AT Annual Fund

When you give to AT you support nearly a million riders per year to ride Fare-Free, the majority use AT to get to work.

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Photo: Molly Drummond

You also sustain a cleaner environment reducing traffic by 240,000 auto trips a year,
eliminating more than 1.2 million vehicle miles. AT’s new buses have 95% less nitrogen oxide emissions and 90% less particulates compared with standard diesels. The new
hybrid buses result in even better fuel economy and less pollution. AT also reduces the demand for parking.

Advance Transit is a not-for-profit charitable organization.

Donations are tax deductible as allowed by law.

How to Give Today….

Gifts of Cash – the simplest and most direct way to make a donation.

    • To make a gift by check, send your contribution to the following address:

    Advance Transit
    PO Box 1027
    Wilder, VT 05088

    • To give or pledge by phone, call (802) 295-1824, extension 216.
    • See Other Ways of Giving below to see alternatives for supporting AT

    Advance Transit accepts checks, VISA, MasterCard, and electronic fund transfers.

    Rider Stories

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    Photo: Molly Drummond

    “One very important part about AT to me is its ability to serve. From the people who drive the buses, create the schedules, raise money, and all of those who make it possible for AT to run when people need it. One fond memory I have of riding AT is last March when we had a massive snow storm and I did not know how I would get home, so I called AT and lo and behold the buses were certainly still running. AT in one word, reliable!”

    Theresa (right), Office of Institutional Diversity & Equity, Dartmouth College

    “To all our friends who we see on AT on snowy days–we’d love to see you on sunny days too!” Mikayla (left), Dartlab, Geisel School of Medicine

Photo: Molly Drummond

 

“I ride the AT bus for a few reasons. First, I feel good about not driving: I’m not wasting money on gas and car maintenance,I’m minimizing my ecological footprint, and I’m not occupying a parking space on campus. Second, riding the bus is a nice part of my routine.I love the short walk to and from downtown Lebanon in the morning and afternoon, and I enjoy having a rhythm of going to work and leaving.Third, using public services makes me feel like part of a community. Instead of sitting in my own little bubble, I get to share space with people from many different walks of life.”

 

“I wish others in the community realized how convenient the bus can be, and how lucky we are to have a free system in a relatively rural area.
When I do commute by car to campus, I’m always shocked by how bad traffic can be on Rt. 120 and downtown Hanover. It’s so much more enjoyable to let someone else deal with the traffic!”

Garrett, Department of Geography, Dartmouth College

 

“One of the Jewels

of the Upper

Valley”

The initial experience for Marie and Albert Esselborn in the Upper Valley was in 2004 when Albert was cared for at Dartmouth-Hitchcock Medical Center. That was also when Marie first rode on AT, taking the Blue Route between Hanover and Lebanon. When in 2006 the Esselborns decided to sell their home in Manchester, Vermont they chose to move to the Upper Valley. Because of his experience at DHMC, the Upper Valley was Albert’s first choice for his new home.

 

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Photo: Courtesy of Valley News

 

For Marie, it was the transportation system, namely Amtrak, VT Transit, Dartmouth Coach, and “most importantly Advance Transit.” Marie is able to maintain her independence through her walking and Advance Transit which she refers to as “one of the jewels of the Upper Valley.” She encourages everyone to use AT; to her it is about mobility and quality of life. AT may be one of the jewels of the Upper Valley, but we are sure another jewel is Marie Esselborn.

Other Ways of Giving

Bequests – Bequests via your will or revocable living trust can allow you to leave a significant legacy to Advance Transit. Since bequests are deductible for federal estate tax purposes, gifts through your will or trust can save you and your heirs estate taxes and allow you to make a much larger donation than you might have thought possible.

Gifts of Securities – Making a gift of appreciated securities can be more advantageous than giving cash. If you give “long-term” appreciated securities held more than one year, you can deduct their full fair market value, regardless of what you originally paid for them. And you pay no capital gains tax on the donated securities. The deduction for “short-term” securities held less than one year is limited to their cost basis.

Retirement Accounts – Qualified retirement plan assets are the most tax-burdened assets you can own. Many people do not realize that if they die with no surviving spouse, any remaining balance in their qualified plan will be subject to multiple levels of taxation that can claim 50% or more of its value. It is often advantageous, therefore, to donate such assets to charitable organizations. This can be done by naming Advance Transit the beneficiary of all or a portion of your retirement plan, by gifting any remaining plan assets through your will, or by directing remaining plan assets into a testamentary Charitable Remainder Trust that provides income to your heirs for life or a term of years, after which the principal reverts to Advance Transit.

Matching Gifts – You may be able to double your gift to Advance Transit if the company you work for or have an association with has a matching gift program. Check with your employer’s Human Resource Department. Send the matching gift form provided by your employer to Advance Transit. Advance Transit will give you documentation for both your gift and your company’s matching gift.

Life Insurance – It is easy to name Advance Transit as the beneficiary of a life insurance policy. Just fill out a Change of Beneficiary form available from your insurance provider and give us a copy for our records. There is no immediate tax deduction available for this gift, but you will have the satisfaction of knowing that Advance Transit will eventually benefit and your estate will receive an estate tax deduction. You can also transfer ownership of a paid-up policy to Advance Transit and receive a tax deduction now for the cash surrender value (technically, the “interpolated terminal reserve value”) of the policy on the date of transfer.

Life Income Gifts – If you are considering making a gift to Advance Transit, but are concerned about giving up a portion of your income, a life income arrangement may be advantageous for you. For example, if you were to transfer cash or marketable securities to Advance Transit, you could receive a steady stream of income payments for the remainder off your life, an immediate tax deduction, and reduced estate tax exposure. If you transfer appreciated property, such as securities or real estate, you will eliminate or greatly reduce the capital gain tax you would otherwise owe on the appreciation if you sold the asset. If you transfer low yielding property such as securities that pay a small dividend, you may actually increase your income from the asset. A Charitable Remainder Trust may be an ideal option for you to consider as a way to meet your life income objectives and at the same time benefit Advance Transit.

Gifts of Real Estate or Personal Property – Gifts of real estate, can be an extremely advantageous way to give to Advance Transit. You can gift your whole property or an undivided fractional interest in the property to Advance Transit, fund a life-income arrangement with all or a portion of your property, or even transfer ownership of a residence and retain the right to reside there for the rest of your life, after which it reverts to Advance Transit for sale. Gifts of real estate through your Will are also welcome. Gifts of valuable personal property can benefit both you and Advance Transit.

As with any decision involving your estate plans, we urge you to seek the advice of

professional counsel when considering a gift to Advance Transit.

Contact Us

Gary Daniels, Director of Philanthropy
Advance Transit
PO Box 1027
Wilder, VT 05088
(802) 295-1824 ext. 205
gdaniels@advancetransit.com