Donate shares to the Hudson Institute and you could claim a tax deduction.
If you hold small parcels of shares that may cost more to sell than their value, the Hudson Institute would appreciate the donation of those shares to help fund our pioneering medical research.
You can donate your shares to us via ShareGift Australia which provides shareholders with a simple and free way to sell their shares without paying brokerage fees. Brokers registered with ShareGift Australia provide their services free of charge.
To donate your shares, they must be held in an actively trading ASX listed company. ShareGift Australia cannot accept shares held in delisted or suspended companies, nor shares held in self-managed superannuation funds.
ShareGift Australia is a registered non-profit organisation endorsed by the Australian Securities Exchange (ASX) and the Australian Shareholders’ Association (ASA).
It’s a simple and free process
- Download and complete the ShareGift Australia Share Donation Form. Please remember to nominate the Hudson Institute of Medical Research as your recommended charity.
- Send your completed and signed form directly to ShareGift Australia by either scanning the document and emailing it to info@sharegiftaustralia or posit it to GPO Box 4370, Melbourne, VIC, 3001
- ShareGift Australia will then manage the sale of your shares through one of its brokers who work free of charge, so the full sale value is donated to charity.
- Following the sale of your shares, ShareGift Australia will send you a receipt to lodge your claim for a tax deduction in Australia.
Each quarter, the Board of ShareGift Australia donate the proceeds of the sale of shares to charities, guided by the recommendations received from shareholders.Donations are aggregated and rounded up, taking into account the value of the shares donated and the number of recommendations received for each eligible charity. To date all eligible charities nominated have received donations from ShareGift Australia in excess of the amount recommended.You can find out more about the process by going to www.sharegiftaustralia.org.au
ShareGift Australia is a public ancillary fund with Deductible Gift Recipient (DGR) status which allows for the deductibility of donations. This means they are governed by legal requirements which prevent them from passing on the exact proceeds of each share sale directly to a shareholder’s recommended charity.