Charity FAQ
How can my not-for-profit organisation receive funding from ShareGift Australia?
The most effective way for your charity to receive funding is to promote ShareGift Australia to your supporters as an alternate method of giving (ie. donating shares over A$2.00). Where the value of the shares donated exceeds AUD$500, the shareholder may nominate your organisation on ShareGift Australia’s share sale donation form as their preferred charity.
Are we eligible to receive ShareGift Australia funding?
Your organisation must have Deductible Gift Recipient (DGR) Item 1 status or is a government linked entity with DGR Item 1 status with an aligned purpose under 2013 Charities Act (such as a public hospital, public library, state art gallery or state art institution) and be endorsed by the Australian Taxation Office (ATO) as a Tax Concession Charity (TCC) with Income Tax Exemption status.
We also recommend Australian charities seeking funding from ShareGift Australia, ensure your basic governance standards are in place.
My charity is not yet promoting ShareGift Australia - how do we start?
See Looking for funding?
Can our charity use ShareGift Australia's brand?
See Looking for funding?
How does ShareGift Australia choose which charities receive funding?
- A charity will only be considered for funding if it is recommended by a donor (whose share sale proceeds exceed AUD$500) or a participating ASX company.
- We do not accept applications for funding, nor maintain a list of ‘preferred’ charity recipients – we are charity and cause neutral.
For more information, please refer to our Distribution Policy.
How often do you distribute funds?
ShareGift Australia distributes share proceeds to Australian charities on an annual basis, following board approval of the audited financial statements and prior to the end of the following financial year.
For a list of charities funded current year to date, please see Our Impact.
How does a shareholder donate shares?
The individual shareholder downloads, completes and signs our share sale donation form which authorises ShareGift Australia to facilitate the sale of the shares. For more details visit How do I donate shares?
Can donors send their share sale donation form to their nominated charity?
No, in accordance with our Privacy Policy the completed forms must be sent directly to ShareGift Australia for the share sale to take place.
Donation forms should be returned directly by email to info@sharegiftaustralia.org.au or mail to 12 Holtermann Street, Crows Nest NSW 2065. The forms should not be returned to the ASX company, registry or nominated charity.
If a shareholder nominates a particular charity, do their share sale proceeds go directly to that charity?
No, ShareGift Australia is a public ancillary fund with Deductible Gift Recipient (DGR) status which allows the deductibility of the shareholder’s donation. This means we are governed by legal requirements which prevent us from passing on the exact proceeds of each share sale directly to a donor’s or company’s recommended charity. We use funds from multiple sources to fund each charity.
See our Distribution Policy for more details.
Who issues the shareholder with their donation receipt?
Receipts for the share sale donation are from ShareGift Australia as the receiving registered charity (ABN 27 086 590 485). ShareGift Australia is a donor-advised fund whose purpose is to maximise funding to the community.
Are there any costs or tax implications for shareholders?
There are no brokerage costs imposed as our supporting stockbrokers transact the sale of shares free of charge. Donations over $2 are tax deductible for Australian residents. All sale of shares are considered disposals as far as capital gains tax is concerned.
We encourage donors to seek advice from a licensed financial adviser and/or tax adviser if they have any tax questions relating to the sale of shares. We do not provide financial or tax advice.
Does ShareGift Australia provide donor details to receiving charities?
No. Due to privacy requirements, we do not disclose participating shareholders or ASX company details to any charity unless the individual donor or company has expressly requested the release of their details. For further details, please refer to our Privacy Policy.
In individual circumstances, a donor or company may notify you directly if they have nominated your charity to ShareGift Australia.