Donating shares is one of the most tax-effective ways to give. It offers both Income Tax relief on the value of the shares, as well as exemption from Capital Gains Tax.
If you donate shares, we would then sell them and use the proceeds to fund our ambitious growth and development plans. This would enable us to continue offering life-changing support to people in our community living with vision impairments and disabilities and help us reach our fundraising targets.
Gifting shares has become a crucial way for people to donate to causes they care about.
“My father and I have found that gifting shares to a charity is a tax efficient way of giving. Through an exchange of letters with the charity, you can agree to not only give them a certain number of your shares but sell them on their behalf and send them the sale proceeds. This saves the charity having to administer the transfer and gives them cash straight away. A share that is ripe with capital gains, when sold on behalf of a charity, does not attract any Capital Gains Tax. Also, your taxable income is reduced by the value of your donation, so you will pay less income tax. So, it’s a win-win all round.”
Please note that Jewish Blind & Disabled cannot give financial advice. You can find examples of the tax implications on the HM Revenue & Customs website. If you would like advice on your own situation, please consult a financial advisor.
If you want to support JBD by gifting your shares, please contact Rachel Barres on rachel@jbd.org or 020 4548 8692.
“There is no other option offered anywhere that is like the Jewish Blind & Disabled set up. Independence with help and support for the tenant and peace of mind for the family”.
Hayley, Jewish Blind & Disabled tenant