ShareGift Australia
Donate your unwanted shares to Melbourne Citymission
ShareGift Australia is a not-for-profit organisation that provides an easy way to sell parcels of shares and donate the proceeds to Melbourne Citymission.
Your small share parcels can now be easily sold via an initiative which can benefit Melbourne Citymission, at no cost to you and in a tax-effective way - through ShareGift Australia. You won’t have to use a stockbroker, there are no brokerage fees and you can nominate that Melbourne Citymission benefit from ShareGift distributions.
Selling shares no longer has to be costly
In the past, you had to sell your shares before donating them to any charity, which involved appointing a stockbroker and paying brokerage fees as well as dealing with complex and time-wasting paperwork. Even if you wanted to ‘tidy up’ your share portfolio, small amounts of shares were difficult to dispose of because of the costs involved i.e. brokerage.
However thanks to ShareGift Australia, selling shares for charity takes just minutes and costs you nothing. ShareGift Australia is a not-for-profit organisation that sells the shares on your behalf and then donates the proceeds to charity. It’s straightforward, and you earn a tax deduction for your charitable donation.
What is the process?
1. Print out and complete the ShareGift donation form below.
2. Post the form to ShareGift Australia, GPO Box 2050, Melbourne VIC 3001.
3. ShareGift will arrange for the shares to be sold through one of their participating brokers free of brokerage.
4. You will receive a separate letter from ShareGift Australia with details of the share sale, which you can keep as a receipt for tax purposes.
For more information please download the ShareGift brochure here.
