Eurovestech's share donations reach £1 million
Howard Lake | 2 August 2006 | News
A donation of £15,000 worth of shares to deafblind charity Sense by Eurovestech, an investment company listed on the London Stock Exchange, has taken its total donations to charity past the £1 million mark.
Eurovestech has a policy of making charitable donations by creating and gifting new shares. The scheme was created by Chief Executive Richard Bernstein in 2001 and has since helped over 50 charities.
Part of the scheme is to encourage other companies to donate shares, which can be a straightforward, three-part process. First, companies need to hold a board meeting to vote to issue the shares. Secondly, if a public company, they are obligated to announce this to the stock exchange; and finally, they fill in a form.
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Richard Bernstein said: “I hope other listed companies will be able to follow suit and issue some of their shares to Sense.”
Indeed, according to Eurovestech, if all the top 100 FTSE companies gave just one tenth of 1% of their shares, £1.3 billion “could be effortlessly raised” to help charities.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.