Giving shares could be a simple, tax efficient way to support people experiencing the pain of grief.
Choosing whether you would like to give a cash gift or a share gift is your choice but Cruse Bereavement Support cannot give financial advice. If you are considering making a share gift and/or are undecided about whether cash is a better alternative you should consult your financial advisor, accountant or solicitor. There is also more information on the GOV.UK website which can be found here.
ShareGift is an independent UK registered charity (No. 1052686) which specialises in releasing the money locked up in small shareholdings, but which can accept donations of any size. ShareGift works by collecting together small lots of shares until there are enough to sell and then donating the resulting proceeds to a wide range of charities.
To date ShareGift has donated over £38 million to more than 3,100 charities and make their grants based upon research and suggestions from donors. You can help support Cruse Bereavement Care by donating any small shareholdings you may have to ShareGift, and mentioning that you support us. ShareGift has already made grants of £30,000 to Cruse.
If you are a UK taxpayer, you can claim income tax relief on the value of most stocks and securities when you donate them to a charity. In addition, donating shares charitably gives rise to neither a gain nor a loss for Capital Gains Tax (CGT) purposes.