# Eurovestech's share donations reach £1 million

- Link: https://fundraising.co.uk/2006/08/02/eurovestech039s-share-donations-reach-1-million/
- Published: 2006-08-02T23:00:00+01:00
- Author: Howard Lake

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.

Richard Bernstein said: “I hope other listed companies will be able to follow suit
and issue some of their shares to Sense.”

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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.

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