Once donated these shares will form part of the Garvan’s endowment fund investment portfolio. Donations of shares under the value of $5,000 can be tax deductible in certain circumstances. See the Australian Tax Office website to determine if your donation is tax-deductible and for information on Capital Gains Tax. If you would like to make a donation of shares please ring 1300 73 66 77 (9am to 5pm) and we will discuss with you the best way to transfer the shares. Or you can email firstname.lastname@example.org
Small parcels of shares
If you hold small parcels of shares in public companies (valued under $1000) that may cost more to sell than they are worth, or if you would like to tidy up your portfolio by donating your shares to charity rather than managing the ongoing documentation and small dividends these shares generate, you can use ShareGift Australia to donate the proceeds to the Garvan.
ShareGift Australia exists to provide Australian shareholders with the opportunity to sell their shares and donate the proceeds to charity, without having to pay brokerage fees. Shareholders are encouraged to nominate the charity or charities they would like their share sale to benefit. All shares held in Australian publicly listed companies may be sold.
If you would like to donate the proceeds of your share sales in this way please fill in the ShareGift donation form and simply include the name “Garvan Institute of Medical Research” as your suggested charity. Please note, when you give in this way, you will receive a tax-deductible receipt from ShareGift Australia (although remember you may also need to pay Capital Gains Tax). Through this transaction you are recommending that ShareGift Australia donates the proceeds of your sale to the Garvan Institute.