As the festive season approaches, it is often a time of giving. With Strate Charity Shares (SCS), investors across South Africa and abroad holding odd lots of JSE-listed shares can help worthy causes and charities by donating them in an easy manner.
“The cost of selling shares may be more than the value of those shares. As the year draws to a close and we prepare for the holiday season, investors can share in the spirit of giving by easily cleaning out their untidy portfolios and donating odd lot JSE-listed shares towards SCS for distribution to charities across South Africa,” says Tom Wixley, SCS chairman.
Wixley explains that SCS is a win-win situation, as there is no cost to donating shares. “The funds contributed to SCS are derived from share donations by investors, usually in the form of odd-lot shares, which SCS then aggregates and sells. It is as simple as filling out the necessary form and returning it at no cost in the prepaid envelope provided.”
To further encourage participation, SCS has registered with the South African Revenue Service (SARS) under section 18A of the Income Tax Act so that the value of any shares donated may be deducted from the donor’s taxable income.
Latest R600 000 Donation Pushes SCS’ Overall Contributions near the R3 Million Mark
This year, SCS announced that it is donating R600 000 to six charities. It has now given over R2.7 million to charities since its inception.
“We aim to break through the R3 million mark within the next year, which is a great achievement for SCS. We’d like to thank all investors who have helped us achieve the amounts donated to date,” adds Wixley.
The following organisations are the latest recipients of the SCS donation, each receiving R100 000 ahead of the festive season:
• African Children Feeding Scheme;
• Child Welfare Tshwane;
• Salesian Life Choices;
• The Bethany House Trust; and
• Topsy Foundation.
For further details, queries and/or donations contact the Strate Charity Shares toll-free helpline on 0800 202 363.