Sepsis is a lethal disease in Australia and globally. There has never been a greater need to develop a test that can provide a rapid diagnosis.
Do you have a small, unmarketable parcel of shares that you would like to put to work to improve the health of vulnerable and disadvantaged people in Australia and throughout the world? If so, ShareGift Australia can make the process very easy and tax effective for you.
ShareGift Australia is a not-for-profit organisation that provides shareholders with an easy way to sell their shares and donate the proceeds to charity. Selling and donating through ShareGift Australia means you don’t have to engage a stockbroker, there are no brokerage fees and should the proceeds of the sale exceed $50.00, you can nominate Burnet Institute as your recommended charity to benefit from ShareGift Australia’s donations. It’s straightforward and shareholders can receive a tax deduction for donations over $2.00.
The process is simple;
1. Download and complete the share sale donation form available on the Sharegift Australia website (remember to recommend Burnet Institute).
2. Send the signed form directly to ShareGift Australia either by scanning via email to firstname.lastname@example.org or post to GPO Box 4370 Melbourne VIC 3001.
3. ShareGift Australia will manage the sale of the shares through one of their supporting brokers and once completed, send you a receipt for tax purposes.
Each quarter, the ShareGift Australia Board donates the share sale proceeds 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 http://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.
If you would like to discuss donating a larger parcel of shares directly to the Burnet Institute, or including a bequest of shares in your Will, please contact us;
Tidying up your portfolio could save lives!
Deputy Head, Development