If you own small numbers of shares that you consider to be of little value to yourself, donating them to the Sharegift scheme may be the best way to make the most of them and to help SANE at the same time. Selling unwanted shares through a stockbroker could cost you more than they are worth, and keeping them may mean you will receive more paperwork from the company where you bought them.
Sharegift (administered by the Orr Mackintosh Foundation) puts unwanted shares to good use by collecting, re-registering, aggregating and selling them. The money generated is then distributed to a number of Charities, including SANE. Donating shares is also tax efficient as gifts of shares to charity are exempt from Capital Gains Tax and you may be able to claim income tax relief on the value of the shares donated. For more information on tax related issues, please call HM Revenue and Customs on 0845 3020203.
For more information on Sharegift, contact our Fundraising Department on 0207 422 5544.