Gifts of Shares
James Cropper Fund
In 2000 the Foundation received a gift of shares valued at £23,000 from James Cropper. Subsequently further donations of shares have been made to create the James Cropper Fund.
Donating shares can be very tax effective. Donors can claim income tax relief equal to the market value of the shares on the day the gift is made and there
is no Capital Gains Tax to pay.
It is a useful way of unlocking capital and passing it on to causes that matter.
James Cropper said, "My gift of shares helps contribute to the wealth of community life in our very special county".
Income generated from the James Cropper Fund is distributed through the Foundation's Cumbria Communities Fund.
An Anonymous Donation:
A donation to Long-Term Capital
One couple chose to donate shares worth £210,000 over a period of three years.
Their donation was made to the Foundation's Cumbria Communities Fund.
The donors said: "We are fortunate to have more income and capital than we need and live in the most beautiful area of the UK. We can think of no better way of investing surplus income or capital than in trying to help those less fortunate, whilst at the same time significantly reducing our personal tax liabilities."
Income from this Fund is distributed through the Foundation's Cumbria Communities Fund.
For further information on ways your clients can donate please choose from the links below:
Partnership with professional companies
Management of independent charitable trusts
Corporate funds
Transfer of a charitable trust
Legacies
Gifts of shares
updated 20.09.06