Inheritec and ShareGift

Why ShareGift?

ShareGift is an independent UK-registered charity which specialises in dealing with shareholdings of all sizes and the cash entitlements arising from those shareholdings. They specialise in releasing the value locked up in small shareholdings that are unsellable on their own, but accept donations of any size.

ShareGift transfer and amalgamate small lots of shares until there are enough to sell and then grant the resulting proceeds to a wide range of charities. A lot of these funds would not exist without the work that they do.

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4,221.

The number of charities supported by ShareGift

ShareGift can help with residual share and cash entitlements arising from an Estate

Small shareholdings within estates can be tricky and time-consuming to resolve. Whilst larger holdings may be readily sold for the benefit of the estate, the value in small shareholdings can be far outweighed by the costs involved in lodging legal paperwork with the registrars and the subsequent stockbroking commission, as well as the associated solicitors costs.

ShareGift can solve the problem of small shareholdings within estates, at zero cost. Small shareholdings can be donated using the form below, which typically takes around 5-10 minutes to complete.

ShareGift Online Donation Form

What ShareGift can accept

ShareGift accept donations of shares and other securities, large and small, held in a wide variety of ways. Providing they can transfer the securities in question, Sharegift are happy to accept them. This includes equities, funds, gilts, bonds, ETFs, OEICs and much more.

Find out more about ShareGift
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How ShareGift fund charities

  • ShareGift give to charities guided by donor suggestion and the suggestions of the partners they work with to create these funds

  • ShareGift are cause neutral and give to UK registered charities large and small doing all kinds of work

  • Charities don’t apply for funds or pay any fee for working with ShareGift

  • ShareGift do due diligence to ensure the charities they support are responsibly run and ShareGift are supporting them appropriately

How does Inheritec work with ShareGift?

Small shareholdings within estates can be tricky and time-consuming to resolve. Whilst larger holdings may be readily sold for the benefit of the estate, the value in small shareholdings can be far outweighed by the costs involved in lodging legal paperwork with the registrars and the subsequent stockbroking commission. Inheritec supports ShareGift by supporting our customers with the completion of forms or by signposting to ShareGift for small shareholdings where it is uneconomical to sell the shares through a broker or certificated share dealing providers.

 

Who can donate estate shareholdings to ShareGift? 

Many estates will still hold physical share certificates which are now extremely difficult and expensive to sell. Even if such an asset is transferred to an executor, they are now in possession of a holding which would cost more to sell than it is worth. What is technically an asset is often in fact a liability, however the holding still has to be disposed of.

ShareGift routinely assists solicitors and executors with share donations from estates, with many more donating their shares directly to ShareGift via the share registrars or nominee companies. ShareGift can accept share certificates as well as shares and other securities held in corporate sponsored nominees and stockbroking accounts. These shares are transferred to ShareGift, amalgamated with other donated assets and sold when practicable. This creates a pool of funds which is then donated to other charities in the UK.

 

Find out more about ShareGift at https://www.sharegift.org