Year End Deadlines
Important end-of-year gift deadlines
To receive a gift receipt for 2024, please make your gift by the important deadlines below.
Mutual Funds: December 2, 2024
Due to obstacles outside of our control related to non-ACAT* mutual fund transfers, the ASU Foundation (and Â鶹¹ú²úAV) Finance Office must receive mutual fund paperwork for 2024 gifts no later than December 2, 2024, to process in time to provide a 2024 gift receipt for tax purposes.
Qualified Charitable Distributions (QCD) from IRA: December 27, 2024
To avoid being taxed on the charitable distribution, the entire process must be completed no later than December 27, 2024. Only donors age 70½ 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, Checks and Cash: December 31, 2024, 1:00 PM
The IRS requires credit card donations be processed in the year of the deduction. Consequently, all 2024 credit card donations manually documented by departments must be received by ASUF Cash Receiving no later than 1:00 PM on Tuesday, December 31, 2024. ASUF Cash Receiving will be staffed to accept credit cards, checks and cash donations no later than 1:00 PM. The locked bag drop boxes and ASUF PO Box will be scheduled for pick up before 12:00 PM on Tuesday, December 31, 2024.
Donors can be directed to give online at asufoundation.org before midnight on Tuesday, December 31, 2024, to be recorded as a 2024 gift.
ACAT* Mutual Funds, Bonds or Stocks: December 27, 2024
Digital: Donor’s broker must transmit ACAT mutual funds, bonds or stocks electronically to the Foundation’s Northern Trust account before the market closes on Friday, December 27th to qualify as a 2024 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/Enterprise Â鶹¹ú²úAV Finance office on or before Friday, December 27th to be considered a 2024 gift.
If you are aware of a stock or wire coming in please email to EPFinance@asuep.org with the donor’s name, anticipated amount, designation, and stock info (if applicable) to avoid delays in processing.
Gift Recording for 2024: January 6, 2025
The ASU Foundation/Enterprise Â鶹¹ú²úAV-Gift Administration department will close its gift recording for calendar/tax year 2024 on Monday, January 6, 2025. Therefore, it is important each 2024 gift be received by the ASU Foundation/Enterprise Â鶹¹ú²úAV Cash Receiving office before Monday, January 6, 2025, 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, 2024 (include a department date stamp).
All manual credit card donations must be received and charged by ASUF Cash Receiving by December 31, 2024 before 1:00 PM to be counted as a 2024 gift.
Questions: EPFinance@asuep.org or 480-965-7825
Gift Agreements
Gift Agreements, Letter Gift Agreements and Letters of Gift Intent, must be signed by the Donor by December 31, 2024. As a target date, it is recommended to have your agreements submitted by Monday, December 16th for review. Our team will not refuse agreements past this date, but we ask that you contact us by December 16th to ensure we will have the appropriate review time and ASU/ASUF approvals by December 31st. The Charitable Agreement Team will be staffed through December 31st with the exception of business holidays. For assistance in finalizing agreements, please contact giftagreements@asuep.org (for individual donors) and asufoundationgrants@asuf.org (for institutional funders).
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.
*ACAT Mutual funds are automated customer account transfers, making the mutual fund process easier. Please check with your investment advisor to determine if you have ACAT Mutual Funds.