Year-end gift deadlines

12/01/2023


As you make your year-end charitable donations, the Banner Health & Alzheimer’s Foundations want to ensure you are aware of these deadlines to ensure your gifts qualify for a charitable income tax deduction in the 2023 tax year:

  • Non-Cash Assets: Please notify us of your giving plans as soon as possible and no later than Wednesday, Dec. 13 so that we can work with you and your advising team to initiate and complete the transfers before year-end.
  • Mutual Funds and Stock: Gifts of mutual funds should be made by Thursday, Dec. 14 and gifts of appreciated stock should be made by Thursday, Dec. 21. We ask that you notify us prior to initiating the transfer.
  • IRA Charitable Rollover: If you’re age 70 ½ or older, you can transfer up to $100,000 tax-free from your IRA to the Banner Health Foundation or Banner Alzheimer’s Foundation. If you are at least age 72 and have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can also satisfy all or part of that requirement. Please initiate the transfer by Wednesday, Dec. 13.
  • Wire Transfer: We ask you to initiate wire transfers of cash by Friday, Dec. 22.
  • Credit Card: Credit card gifts by phone can be made through 5 p.m. on Friday, Dec. 29 and online through Sunday, Dec. 31, at 11:59 p.m. NEW THIS YEAR: Looking for a meaningful holiday gift for that special someone? Donate in honor of a loved one and notify them of your gift with an eCard and a custom message. You can make the gift even more personal by directing it to the Banner hospital, program, or area of care most meaningful to them.
  • Checks: Checks sent via the U.S. Postal Service to the Banner Health Foundation offices in Phoenix or Tucson must be postmarked on or before Saturday, Dec. 30 to qualify for a 2023 income tax deduction. Checks sent via shipping carriers must be received on or before Friday, Dec. 29, with the airway bill dated on or before Friday, Dec. 29.

Mail or ship checks to:

Phoenix
Banner Health Foundation
2901 N. Central Ave., Suite 160
Phoenix, AZ 85012

Tucson
Banner Health Foundation
1625 N. Campbell Ave.
Tucson, AZ 85719

Please call our office at 602-747-4483 with any questions or for personal assistance. Thank you for your generous support of nonprofit Banner Health.