How does it work?
People have small value holdings of shares and other investments for many different reasons, and such small amounts of shares are often difficult or even impossible to dispose of usually because of the costs involved. ShareGift provides a solution. Even if you have just one or two shares ShareGift can help you deal with the problem, and in a charitable way. We can also help shareholders with larger, tax-efficient donations of shares.
We exist to realise as much value as possible from unwanted shares by aggregating them, selling them and using the proceeds to make donations to a wide range of other registered charities, based on the suggestions of our donors and supporters.
When you donate shares, we arrange to transfer them into the name of our charity and they are placed within our portfolio of shares. Shares are aggregated within the portfolio until we have enough of any one holding to sell. In the meantime shareholdings may attract dividends or capital payments, and all of this helps create our pool of funds.
Our central portfolio is maintained by the custodians FIS Platform Securities free of charge. The stockbroking and wealth management firm Killik & Co waive all ShareGift’s commission charges for share dealing, which means that we can give even more money to more charities.
We make no charge for you to use ShareGift, but donations to help us provide this free service are always welcome.