# Marks & Spencer shareholders donate £75,000

- Link: https://fundraising.co.uk/2002/07/09/marks-amp-spencer-shareholders-donate-75000/
- Published: 2002-07-09T23:00:00+01:00
- Author: Howard Lake

Marks & Spencer’s Return of Capital to Shareholders programme has generated £75,000
in donations to three charities.
The amount raised will go to Help the Hospices,
The Prince’s Trust and The National Literacy Trust, each charity receiving £25,000.
Marks & Spencer has contributed a proportion of its own community budget to complement
the net proceeds of £45,000 given by shareholders.

Following a capital reorganisation in March 2002, Marks & Spencer were aware that
many shareholders held a very small number of shares and that dealing costs would
make disposal uneconomic. The company therefore encouraged small shareholders to
donate all the proceeds from the sale of their new ordinary shares to charity via
ShareGift, the charity share donation scheme.

The charities were chosen because they fitted under three main policy areas of Health,
Safety and Education and Learning.

## Advertisement

 [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)

 * **[Community Fund grant for Leonard Cheshire's volunteer programme](https://fundraising.co.uk/2002/07/09/community-fund-grant-leonard-cheshire039s-volunteer-programme/)**(
   9 July 2002)
 * **[PF London details](https://fundraising.co.uk/2002/07/09/pf-london-details/)**(
   9 July 2002)
 * **[Australia introduces tax-efficient payroll giving](https://fundraising.co.uk/2002/07/10/australia-introduces-taxefficient-payroll-giving/)**(
   10 July 2002)