Large donations
We accept donations regardless of value, and we routinely receive higher value shareholdings
Why do people give large donations of shares to ShareGift?
ShareGift was set up to deal with low value shareholdings, but we can accept donations of all sizes. So why do donors come to ShareGift with larger value shareholdings rather than go directly to a charity they support?
Our donors come to us for several reasons including:
There is no upper limit on the value of shares we can accept. For practical purposes we define anything over £500 as a large donation, as this is the level at which we can easily sell shares without having to amalgamate them with other donated holdings first. We routinely handle much larger donations.
I have donated to ShareGift for a long time and think that it is excellent. It provides a painless one stop service for the tax-efficient donation of shares and a great way to help fund charitable causes which I want to support. Long may it continue!”
What our donors say
Tax-Efficient Giving
Depending on your personal circumstances, giving shares to charity can be a very tax-efficient way to give.
If you are a UK taxpayer, you can claim income tax relief on the value of most listed stocks and securities when you donate them to a charity. In addition, donating shares charitably gives rise to neither a gain nor a loss for Capital Gains Tax (CGT) purposes. This means that you will not be liable for any Capital Gains Tax (CGT) which you might have had to pay had you decided to sell the shares instead. However, you should be aware that you cannot offset a loss against other gains if the shares you donate have gone down in value.
How we handle share donations
We work with donors and their representatives to make the transfer process as simple as we can.
We accept donations of shares and other securities. Providing we can transfer the securities in question, we are happy to accept them. This includes equities, funds, gilts, bonds, ETFs, OEICs and covers UK and many overseas listed holdings, held both in nominees and in certificated form.
All the funds we generate from selling donated shares are used to make grants to charities. We do not take any commission or fee.
We distribute grants to charities on an ongoing basis, typically monthly. We will normally include the charity suggestions from large donations in our next distribution following the sale of the shares.
How we support charities
ShareGift is cause-neutral, meaning that we do not make a judgment on the relative merits of different charities or causes. The most important determining factor for the grants we make to charities are the suggestions of our donors.
We make grants in round figures, based on a number of factors, including the value of donated shares, and the number of suggestions we receive for charities.
We are an independently philanthropic organisation with multiple sources of income, and we very frequently give more to suggested than the value of shares donated to us by an individual, but we cannot guarantee this.
We carry out due diligence on all the charities we support. If there is some reason why we cannot give to a charity you have suggested, we will let you know before we transfer the shares wherever possible.
How we make grants to charities
All the donations we make to beneficiary charities come from ShareGift. We never pass on the names of our donors to beneficiary charities or to any other third party.
If you wish to let a charity know that you have donated shares to ShareGift and suggested them for a future gift from us, you are of course welcome to do so
If you would like to see a copy of a charity’s letter of acknowledgment / receipt of funds from ShareGift following your suggestion, please let us know.
We are delighted to help, but can only operate as described. Please be sure that giving to ShareGift and the way we handle donations is appropriate for your purposes. Alternatively, you can contact the charity or charities that you are interested in for details of their own share donation procedures.
ShareGift is an excellent charity that makes it very easy to donate shares, especially if you wish to help support several charities, as I did. It is a great relief not having to go through the whole rigmarole of finding a broker who won’t charge you a fortune, selling the shares, then setting up bank transfers to distribute the proceeds to the charities because some other forms of payment take a processing fee. ShareGift make the whole process as simple as it could be, and I highly recommend them. Excellent!
What our donors say
Listen to one of our donors
My One Aim is – Moai Wealth Podcast
Our Chief Executive joined one of our longstanding large donors to discuss their experience of share giving and ShareGift. You can listen to that conversation here
Estate planning and legacies
For those thinking about estate planning, all the information about leaving a legacy to ShareGift is covered in detail in our Legacy pack.
Do feel free to contact us with any questions.
