Donate stocks and shares
Thousands of people across the UK own shares they're not sure what to do with. Why not put them to good use by donating them to help support opportunities for students and to advance research at the University of York.
Why should I donate shares to charity?
- You don't have to pay any capital gains tax for donated shares making it one of the most tax-effective ways to donate.
- You can claim income tax relief equal to the value of the donated shares according to your income tax rate (40% for higher rate taxpayers and 45% for highest rate taxpayers).
To qualify for tax relief, your shares or securities must be:
- Listed or dealt on a recognised UK or foreign stock exchange
- Units in authorised unit trusts
- Shares in a UK open-ended investment company holdings in certain foreign collective investment schemes.
How to donate shares to the University of York
The process of selling shares is a lengthy one and can be costly to charities. For this reason, we ask that you first consider selling the shares yourself, and then donating the received amount. To make sure you get the maximum tax relief, you'll need a paper trail of discussions with us before the sale is made, to show the sale is being done on our behalf. You can visit the HMRC website for full guidance.
To begin this conversation, or if you'd prefer to transfer your shares directly to us, please contact us at giving@york.ac.uk