At 30 June 2017, ShareGift Australia has distributed over $1.63 million in community funding.
ShareGift Australia’s board of directors announced today its 2017 funding of $268,250 to 131 Australian charities.
Proceeds arose from a variety of share activity, including donations from individual shareholders and dividend reinvestment plan residuals from our corporate partners NAB, Wesfarmers and Coca-Cola Amatil.
“It is the participating ASX companies and individual shareholders who make our annual contribution to the Australian community possible.” commented Anna Draffin, CEO of ShareGift Australia. She continued “ShareGift has the potential to become an industry standard for the ASX’s leading companies. We work with the corporate sector to add value, which in turn increases shareholder giving, and therefore the funding we have available for Australian charities.”
The top 5 areas of impact funded by ShareGift Australia in 2017 were animal welfare; environment; health, well-being and medical research; social and public welfare; and youth. The complete list of the 131 recipient charities across all cause areas, is now available in ShareGift’s Annual Report 2017.
How does it work?
Shareholders may donate shares to ShareGift Australia at no charge and receive a tax receipt for their shares’ full market value. Keep Reading
About ShareGift Australia
ShareGift Australia is an independent, non profit established to unlock share capital to create an innovative stream of charitable funding. It is the only service of this kind in Australia. Participating companies include NAB, Wesfarmers, Coca-Cola Amatil, Lend Lease, Woodside and The ASX Group.
ShareGift was also included in NAB’s demerger and IPO of Clydesdale bank (CYBG) last year.
ShareGift Australia is supported by JBWere, Baillieu Holst, Evans and Partners and KPMG, regulated by the ATO, ASIC, AUSTRAC, ACNC and endorsed by the Australian Securities Exchange and the Australian Shareholders’ Association.