Asset Reunification & Unclaimed Assets
ShareGift plays a key role in addressing “pre-dormancy”; accepting securities that are likely to become dormant assets in time, because of the de minimis value of the holdings in question.
We also work pro-actively with companies around asset reunification and unclaimed assets.
Asset Reunification
We are templated as the charity option with several firms working in the asset reunification space. Having a charitable option available can give reassurance to the recipients of such mailings, who are often receiving unexpected correspondence.
Giving a charitable option to holders can result in improved response rates. When the value of the assets in question are not material for the beneficial holders, people may choose to take the time to return paperwork for a charitable outcome, even if they would not do so for their own benefit.
We are responsive to the charity interests of all donors, so including ShareGift is a great way to support the diverse charitable interests of these individuals, and the specific suggestions of those who donate to us.
Unclaimed Assets
With the background of the expansion of the Dormant Assets Scheme, more firms are choosing to actively address the issue of unclaimed assets.
Whether these arise from share or dividend forfeiture on a company’s share register, or Client Assets held within a nominee account, ShareGift has the expertise and experience to partner with companies and intermediaries to achieve a charitable outcome for these funds.
Because we are reactive to our donors and the companies who help us create our funds, we can distribute funds in a broad and thoughtful way which incorporates the charitable interests of all parties.
See our Unclaimed Assets case study for an example of this in action.
