Take Survey
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

US Cuts Fundraising Red Tape

Luke Michael

Monday, 1st October 2018 at 4:46 pm

Changing Perceptions of Fundraising

Luke Michael

Monday, 24th September 2018 at 8:49 am

I’d Know That Cause Anywhere!

Dr Steve Francis

Thursday, 13th September 2018 at 7:30 am

Charity Sector Welcomes Release of ACNC Review

Luke Michael

Thursday, 23rd August 2018 at 8:33 am

POPULAR

Report Uncovers Shocking Abuse and Neglect of Adults With Disability

Luke Michael

Monday, 5th November 2018 at 5:29 pm

White Ribbon CEO Puts Hasty Departure Down to Culture Clash

Maggie Coggan

Monday, 12th November 2018 at 5:49 pm

Government Backtracks on Cuts to Food Relief Charity

Maggie Coggan

Monday, 12th November 2018 at 5:42 pm

Disability Groups Cautious Over NDIS Independent Assessment Pilot

Luke Michael

Monday, 12th November 2018 at 5:38 pm

Take Survey
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!