Many people have small quantities of unwanted shares and don’t know what to do with them. If this is the position you are in, you may be able to use your shares to help Mind in Croydon support more people through ShareGift.
This is how it works…
Often, smaller number of shares can be more hassle than they are worth. They can be uneconomical to sell because selling them can cost as much as, or more than, the value of the shares themselves. There are also tax implications, as income from shares, no matter how small, must be declared. ShareGift, the share donation charity (registered charity number 1052868), specialises in collecting small shareholdings which are uneconomical to sell on their own. ShareGift will aggregate your shares, and then can sell them for the benefit of many different UK registered charities.
ShareGift specialises in releasing the money locked up in small shareholdings, and can accept donations of any size. By collecting together small lots of shares until there are enough to sell and then donating the resulting proceeds to a wide range of charities and charitable causes they can help to release this valuable funding. To date ShareGift has donated over £42 million to more than 3,300 charities. ShareGift make their grants based upon research and suggestions from donors.
You can help support us in this way by donating any small shareholdings you may have to ShareGift, and mentioning that you wish to support Mind in Croydon. Without ShareGift, the value tied up in these shareholdings would remain difficult to access. However, thanks to their innovative approach, hundreds of charities, including Mind in Croydon have benefitted. ShareGift has already made a grant of £1,000 to Mind in Croydon and we are hoping to make many more people aware of this excellent way of supporting us. This money has helped us support many people with mental health issues, and their carers.
ShareGift makes no charge, either to you or to Mind in Croydon, for transferring shares, and donors can benefit from tax relief on the value of their shares on donation. Shares donated to charity are not liable for Capital Gains Tax, either in calculating a gain or a loss.
If you are a UK taxpayer, you can claim income tax relief on the value of most stocks and securities when you donate them to a charity. If you would like to find out more about how your shares could help Mind in Croydon please go to www.sharegift.org