By making a gift of shares to Imperial you are entitled to claim full tax relief on the market value of the shares and any associated costs such as brokers' fees – making it one of the most tax efficient means of giving. For example, if you are higher rate taxpayer and you give £1,000 worth of shares to Imperial, you will pay £400 less in income tax that year.
Additionally, no capital gains tax (CGT) will apply to any increase in the value of the shares donated to charity. (However, if the shares have fallen in value, the donor will not be able to use this loss to offset any other CGT liability).
For more information about making a gift of shares please contact the Office of Alumni and Development on +44(0)20 7594 6159 or supporting@imperial.ac.uk.
Share giving in action
Following a generous donation of one million company shares in 2005, Imperial College alumnus Dr Michael Cowpland (Electrical Engineering 1964) generously doubled his gift to the College in 2006 when he made a second gift of 2 million ZIM shares to the College.
In the case of Dr Cowpland's shares, the College built an endowed fund from the sale of the shares, which are to be sold over a minimum of five years. Every year, the fund contributes towards the Annual Fund, and no restriction has been placed on how the money should be used.
Of his gift, Dr Cowpland said:
"It's a pleasure to donate ZIM shares to the College and help in the College and help in the exciting growth plans ahead. My career path leading to the creation of Mitel, Corel and now ZIM is directly related to the super education I received from the College and it's so nice to be able to give something back."
© 2007 Imperial College London
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