# AA sale could generate £750,000 for charities via ShareGift

- Link: https://fundraising.co.uk/2004/11/15/aa-sale-could-generate-750000-charities-sharegift/
- Published: 2004-11-15T00:00:00+00:00
- Author: Howard Lake

**Centrica is working with share donation charity ShareGift to give AA shareholders
the opportunity to donate a potential £750,000 to charity.**

Centrica is selling the AA and will be sending out cheques to 600,000 shareholders
that average just £1.25. It is hoping that most people won’t be interested in banking
such a sum, so has teamed up with ShareGift to make it easy for them to donate it
to charity.

Shareholders will be invited to sign the cheque on the reverse and return it to 
the company’s registrars in the pre-paid envelope provided.

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All the donated cheques will then be pooled by Lloyds TSB Registrars who are operating
the scheme on behalf of Centrica and ShareGift. ShareGift’s trustees will distribute
the funds to a range of UK charities once donated cheques have stopped coming in.

“If you think it’s a waste of time banking such a tiny cheque yourself, it’s absolutely
worth making the effort to turn over the cheque, sign and send it back so that ShareGift
can use it for charitable donation”, said Claire Mackintosh, ShareGift’s Chief Executive.

ShareGift was set up in 1996 to provide a charitable solution to the problem of 
tiny, unwanted shareholdings that would cost more to sell than they are worth. The
charity has now given away over £5,000,000 to over 700 charities by pooling donations
of unwanted shares.

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