Share Donation Scheme - ShareGift Australia

Share Donation Scheme - ShareGift Australia

Orion Equities Limited is pleased to implement a Share Donation Scheme in support of ShareGift Australia, which gives shareholders the opportunity to sell and donate parcels of shares to charity without the need to appoint a stockbroker or pay brokerage fees.

Please download a copy of the Orion Equities Share Sale Donation Form

About Orion’s Share Donation Scheme

ShareGift Australia is an endorsed charity* that provides a transparent and tax-deductible way for shareholders to convert their shareholdings into significant donations for Australian charities.
This may be particularly attractive to shareholders who hold small parcels of shares that may cost more to sell than the shares themselves are worth.
ShareGift Australia uses the proceeds from the sale of donated shares to distribute to Australian charities (with Deductible Gift Recipient (DGR) Item 1 status) guided by the recommendations received from individual donors and supporting companies.
Donating shareholders will not need to pay brokerage costs and will receive a letter from ShareGift Australia with details of the share sale as a receipt for taxation purposes. Donations over $2 are tax deductible to the shareholder.

This is a voluntary initiative for those who wish to sell their shares and donate the proceeds to charity. It is not a recommendation to sell shares or a recommendation regarding a normal share sale facility.

HOW IT WORKS

  1. Complete a Share Sale Donation Form

    Shareholders complete a Share Sale Donation Form, which authorises the sale of their shares and the proceeds to be directed to ShareGift Australia. Up to the first $10.00 from each donation stays with ShareGift Australia to support this service..
  2. Recommend a charity

    Shareholders are welcome to recommend their favourite charity where the value of the donation exceeds $50. Donations are only made to Australian charitable organisations with eligible Deductible Gift Recipient (DGR) Item 1 status – refer to the ABN website for more information - http://www.abn.business.gov.au/DgrListing.aspx
  3. Shares are sold

    ShareGift Australia arranges for the shares to be sold via their supporting stockbrokers who do not charge brokerage fees. A Sale Confirmation letter is sent to the donor for tax purposes, once the shares are sold. Donations over $2 are tax deductible..
  4. Share sale proceeds are donated to charity

    Share sale proceeds are donated to charity
    Each quarter, ShareGift Australia reviews all donors’ charity recommendations and donates the share sale proceeds to support a wide variety of causes - refer to their website www.sharegiftaustralia.org.au/funding-policy.

More information can be found on the ShareGift Australia website at : www.sharegiftaustralia.org.au.

* ShareGift Australia ABN 27 086 590 485 is public ancillary fund; its Trustee is an endorsed charity and ‘Deductible Gift Recipient’ (DGR) from 1 July 2006.