Donating Stocks and Shares
Donating company shares or dividends to our organisation is an easy way to make a philanthropic contribution.
Shares refer to a share in the capital of a publicly listed company on the official list of an approved Australian stock exchange. The value of the gift will depend on if the gift was purchased within the last 12 months.
- If the shares were acquired more than 12 months before making the gift, the value of the gift is the market value of the shares on the day the gift was made.
- If the shares were acquired during the 12 months before making the gift, the amount of the gift deduction is the lesser of the market value of the shares on the day the gift was made, and the amount paid for the shares.
An alternative option for gifting shares without the costly brokerage fees is through ShareGift Australia. ShareGift Australia is a non-profit organisation that facilitates the execution of share sales via established relationships with major broking firms.
If you decide to explore this option, it is important to understand you are donating the proceeds of share sales to ShareGift Australia. If the value of your donation is over $50, you can make a recommendation for our organisation to benefit from ShareGift Australia's donations. Donations over $2 are tax-deductible. For more information, visit the ShareGift Australia website.
For more information on any of these donation options, contact our Fundraising General Manager Paul Reis on 07 3621 4679.
Trading stock, according to the ATO and section 70-10 of the ITAA 1997, is 'anything produced, manufactured or acquired that is held for purposes of manufacture, sale or exchange in the ordinary course of a business.' The value of the gift is the market value of the trading stock on the day the gift was made.