Sample Website Wording

Below is some sample wording that Charities could utilise on their Websites.

It’s easy to sell unwanted shares to assist ABC Charity.

Your small share parcels can now be easily sold via an initiative which can benefit ABC Charity, at no cost to you and in a tax-effective way - through ShareGift Australia.

You won’t have to use a stockbroker, there are no brokerage fees and you can nominate that ABC Charity benefit from ShareGift distributions.

SELLING SHARES CAN BE COSTLY

In the past, you had to sell your shares before donating them to any charity, which involved appointing a stockbroker and paying brokerage fees as well as dealing with complex and time-wasting paperwork. Even if you wanted to ‘tidy up’ your share portfolio, small amounts of shares were difficult dispose of because of the costs involved i.e. brokerage.

HOWEVER ... thanks to ShareGift Australia, selling shares for charity takes just minutes and costs you nothing. ShareGift Australia is a not-for-profit organisation that sells the shares on your behalf and then donates the proceeds to charity. It’s straightforward, and you earn a tax deduction for your charitable donation.

YOUR DONATION CAN GO MUCH FURTHER WITH SHAREGIFT AUSTRALIA

You can sell any amount of shares in any ASX-listed company through ShareGift. The table below illustrates the advantages of converting $200 of shares to charitable donations through ShareGift Australia versus selling them conventionally and then donating the funds:

 

  No Donation  Donation without
ShareGift Australia 		 Donation through
ShareGift Australia 
Value of Shares $200 $200  $200
Brokerage Fee $30-$125 $30-$125 $0
Tax Refund*
(assuming highest
marginal tax rate, plus Medicare levy) 		$0 $35-$79 $93
Personal Benefit to you $75-$170 $35-$79 $93
Benefit to Charity $0 $75-$170 $200
* Donations over $2 are tax deductible

WHAT IS THE PROCESS?

  1. Print out and complete the ShareGift donation form (PDF attached).
  2. Post the form to ShareGift Australia, Level 15, 101 Collins Street, MELBOURNE VIC 3000.
  3. ShareGift will arrange for the shares to be sold through one of their participating brokers free of brokerage.
  4. You will receive a separate letter from ShareGift Australia with details of the share sale, which you can keep as a receipt for tax purposes.