Year End Deadlines

Important end-of-year gift deadlines

To receive a gift receipt for 2020, please make your gift by the important deadlines below.

Gifts in Support of Arizona State University

All contributions must be received at the ASU Foundation before 1:00 p.m. on Thursday, December 31, 2020. For all gifts received through US Mail, the envelope must be postmarked on or before December 31, 2020 and addressed to: ASU Foundation, PO Box 2260 | Tempe, AZ 85280-2260.

Mutual Funds: December 3, 2020

There are lots of hurdles outside of our control when it comes to gifts made by the transfer of mutual funds; normal turn around is about 3 weeks. Consequently, the ASU Foundation (and ASU Enterprise Partners) Finance Office must receive mutual fund paperwork for 2020 gifts no later than December 3, 2020, to process in time to provide a 2020 gift receipt for tax purposes.

Questions: foundation.financial.services@asu.edu or 480-965-7825

Qualified Charitable Distributions (QCD) from IRA: December 27, 2020

To avoid being taxed on the charitable distribution, the entire process must be completed no later than December 27. Only donors age 701⁄2 and older are eligible for a qualified charitable distribution gift transfer from an IRA. Donors instructing their IRA account custodian to make a direct transfer to the ASU Foundation should know that the IRS does not recognize the QCD as complete until the check or transfer has cleared the custodial account.

Credit Cards: December 31, 2020, 1:00 PM

The IRS requires credit card donations be processed in the year of the deduction. Consequently, all 2020 credit card donations manually documented by departments must be received by the ASUF Cash Receipting area by Thursday, December 31, 2020. before 1:00 PM.

Donors can also be directed to give online at asufoundation.org before midnight on December 31, 2020, to be recorded as a 2020 gift.

Stocks or Bonds: December 31, 2020

Digital: Donor’s broker must transmit stocks or bonds electronically to the Foundation’s Northern Trust account before the market closes on Thursday, December 31 to qualify as a 2020 gift. There are no exceptions or extensions.

Physical: All physically delivered stock or bond gifts must include the postmarked envelope or be in the ASU Foundation (and ASU Enterprise Partners) Finance office on or before December 31 to be considered a 2020 gift.

Questions: foundation.financial.services@asu.edu or 480-965-7825

Gift records for 2020: January 6, 2021

The ASU Foundation will close its gift records for calendar/tax year 2020 on January 6, 2021. Therefore, it is important that each 2020 gift be received in the ASU Foundation (and ASU Enterprise Partners) Finance office before January 6, 2021 with proper documentation such as the postmarked envelope or written attestation from a department representative stating that he/she personally received the gift on or before December 31, 2020 (include a department date stamp).

Gift Agreements

The process and timing for preparing gift agreements remains the same at year-end as it is throughout the year. The Gift Agreement department is staffed during the holiday periods (except for the official foundation holidays on December 24 and 25). Please contact the Gift Agreement team at giftagreement-q@asu.edu for assistance and in finalizing and executing gift agreements before year end.

If you have questions about stock, bond or mutual fund gifts, contact the ASU Foundation Financial Customer Service at foundation.financial.services@asu.edu.

ASU Foundation for A New American University

Location: Fulton Center, 300 E. University Drive | Tempe, AZ 85281
Mailing: PO Box 2260 | Tempe, AZ 85280-2260
Hours: Monday–Friday | 8:00 a.m.–5:00 p.m.
Closed: December 24 and 25

Contact your tax advisor to see if your year-end gift qualifies as a charitable deduction.