December 11th, 2019
The merger of Good2Give and ShareGift will potentially unlock a huge repository of under-utilised share capital for charities’ benefit.
The organisations have just announced their merger, with the promise of ushering in new opportunities for shareholding giving in Australia.
ShareGift Australia was established to make it easy for shareholders to grow philanthropy by donating shares and related proceeds to charity.
Good2Give facilitates charitable giving between corporates, donors and charities. It provides technology platforms that enable efficient and secure processing of about a million annual donations.
ShareGift executive director Anna Draffin said the merger was the ideal way for the organisation to encourage more shareholder giving. “Good2Give’s technology, supported by ShareGift’s platform, will enable shareholders to consolidate their giving across their share portfolio, and for charities to receive funds more efficiently,’’ Anna said.
Good2Give supports more than 150 companies, including 20 per cent of the ASX100, and has facilitated more than $210m of charitable funding. Good2Give CEO Lisa Grinham said: “One of the most exciting outcomes of this merger is that it represents a unique opportunity to perpetually grow corporate philanthropy and shareholder giving in Australia.’’
The merger is effective from December 10 and ShareGift’s services remain uninterrupted.
Philanthropic funding was secured to enable the merger to occur and a second funding round will be sought early next year for technology and resource investment to further build capacity.
Sign up for a free edition of our weekly newsletter to have sector news, views and resources delivered straight to your inbox.