Community Sector Banking
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  | 

NAB Pilots Project with ShareGift Australia


Tuesday, 2nd October 2007 at 1:11 pm
Staff Reporter
National Australia Bank (NAB) has launched a pilot program with ShareGift Australia to become the first Australian company to offer its shareholders the opportunity to sell their shares and donate the proceeds to charity.

Tuesday, 2nd October 2007
at 1:11 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
NAB Pilots Project with ShareGift Australia
Tuesday, 2nd October 2007 at 1:11 pm

National Australia Bank (NAB) has launched a pilot program with ShareGift Australia to become the first Australian company to offer its shareholders the opportunity to sell their shares and donate the proceeds to charity.

NAB has written to around 20,000 of its shareholders who hold small parcels of shares explaining how their shares could help people in need, without incurring brokerage fees.

The program is endorsed by the Australian Securities Exchange (ASX) and the Australian Shareholders Association (ASA), and NAB plans to educate shareholders about the services offered by ShareGift Australia via dividend statements and on www.nabgroup.com

John Stewart, the Group Chief Executive Officer says this is an exciting opportunity in particular for shareholders with inconvenient parcels of shares to benefit the community in a practical way.

He says ShareGift has the potential to really make a difference helping Australian community organisations, and we are proud to be involved in this new program.

ShareGift Australia was established in June 2004 as a Not for Profit organisation and has been granted DGR status by the Australian Tax office and is based on a system set up in the UK.

Working with individual donors, charities and listed companies, ShareGift Australia provides a neutral, independent and transparent mechanism to convert investments in listed securities in to cash for the benefit of Australian Charitable groups.
ShareGift Australia aims to facilitate the most cost, tax and community efficient option for selling and donating shares for the community benefit.

Having recently launched the pilot with National Australia Bank, ShareGift Australia is looking to work with other listed companies and their shareholders to support the community.

Further information about ShareGift Australia can be obtained online at www.sharegiftaustralia.org.au




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Fundraising,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

It’s almost the holidays!

Jo Scard

Thursday, 21st November 2019 at 7:00 am

It starts with you

Contributor

Thursday, 14th November 2019 at 7:00 am

Report finds NFP boards lack leadership in fundraising

Luke Michael

Wednesday, 13th November 2019 at 2:30 pm

Creating a future of fundraising

Maggie Coggan

Monday, 4th November 2019 at 8:26 am

POPULAR

A sad and sorry history of Newstart

Luke Michael

Tuesday, 19th November 2019 at 8:00 am

Report finds NFP boards lack leadership in fundraising

Luke Michael

Wednesday, 13th November 2019 at 2:30 pm

Morrison government unveils plan for ‘last 20 per cent’ of NDIS rollout

Luke Michael

Monday, 18th November 2019 at 2:06 pm

Rethinking theory of change

Kevin Robbie

Tuesday, 19th November 2019 at 8:38 am

Community Sector Banking
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!