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Suspension of the ShareGift Australia Retail Share Donation Service

Unfortunately we have made the decision to suspend the ShareGift Australia Retail Share Donation Service with effect from 30 June 2024.

What does this mean for my donation of small parcels of shares?

We will continue to process all donations received by 30 June 2024.

Please note that in order for your donation to be tax deductible in the 2023/2024 financial year we must receive your fully completed share donation form on or before Wednesday 19 June 2024.

Anything received after this date is likely to be traded in the new financial year. Our final trading date will be in mid July. Should we need anything further from you in order to process your donation we will be in touch with you to ensure that everything is in order before this date.

Please follow these instructions to complete and return a share donation form to us by 30 June 2024.

Why are we suspending the service?

We recognise that ShareGift Australia has provided a valuable service assisting those with small unmarketable parcels of shares and distributing the proceeds to the community.

However the process of preparing the donations ready to be traded is labour intensive and relies on significant support from our pro-bono brokers. There is a large cost of regulatory compliance for both us and our pro-bono brokers, and we are unable to continue to provide the service cost effectively.

Are we suspending the Corporate ShareGift service?

No, as we are now part of Workplace Giving Australia we will continue to work with ASX listed companies to add value to them and the community through donations of Dividend Reinvestment Plan residuals and other share-related giving.

ShareGift Australia’s Impact

We are tremendously grateful to the many shareholders who have donated the proceeds of their shareholdings to ShareGift Australia since the service began a decade ago.

As a result we have been able to fund in excess of $7.68 million, making grants to more than 450 charities across a broad range of cause areas, including health and medical research, education, poverty and disadvantage, youth, environment, and international aid.

Thank you!

We would like to thank all our donors for their support, and importantly our pro-bono brokers Evans & Partners and Ord Minnett, as well as founding partner JBWere and all our corporate supporters.