01st April 2015
Shares for Good has been established to provide a charitable home for unwanted shares and a place for those wanting to sell shares to benefit charities in New Zealand.
From 1 April 2015 Shares For Good is supporting 4x registered NZ charities for and donors can choose which of these charities receives the value of their donation.
Recipient Charities for 1 April 2015 – 31 March 2016
- Graeme Dingle Foundation is committed to programmes that produce quality research and evaluation and that positively impact Kiwi kids and ultimately the future of New Zealand.
- Foundation for Youth Development aim to inspire all school age New Zealand children to reach their full potential through programmes that help build self-esteem, promote good values and which teach valuable life, education and health skills.
- Auckland Kids Achievement Trust we currently support over 7,500 young people through our Youth Development programmes.
- Youth Development Trust Wellington operates Stars and Project K programmes within the greater Wellington region.
Why is Shares for Good good for shareholders? Many people have small shareholdings that are more bother than they are worth, keeping or selling. Shares for Good provides shareholders with a genuine avenue to divest shareholdings free of brokerage and potentially receive a tax credit. It also allows them to generate community value from what may well be an idle asset, particularly small parcels of shares.
Shares for Good is a pro-bono collaboration between JBWere, NZX, Computershare and Link Market Services. 100% of proceeds from the sale of your shares goes directly to the recipient charity.
You can choose to receive a tax receipt for any donation you make through Shares for Good and if it's a personal donation you may be able to claim a tax credit for the value of shares donated.
About Shares for Good
Shares for Good provide a cost free and simple way for investors to donate share parcels of any size via an online donation form.
Shares for Good accepts share donations of all sizes, no matter how small, that are then sold and 100% of the cash value is donated to a New Zealand charity. Statistics from Computershare and Link Market Services show there is more than 135,000 share parcels in New Zealand with a value less than $500. Small parcels of shares are often ignored by investors, providing little more than an administrative headache or extra lines in a tax return - imagine the value these shares could have when combined, collectively the sum would make a real difference to New Zealand charities.