Bond and Equity donations change the lives of children across South Africa

Little do people know that a Non-Profit Organisation accepting donations in the form of securities, such as equities and bonds, has helped touch the lives of many children in need across South Africa.

Previously investors who wished to dispose of their unwanted shares to neaten up their portfolios were deterred by the cost of selling them. As a result, thousands of Rands were tied up in assets that cost more to sell than they were worth. SCS was created to address these small, unwanted South African listed shares by collecting them via investor donations of such shares, dematerialising the shares if necessary and partner stockbrokers selling them on the JSE at no cost.

 

Since its inception in July 2002, SCS has distributed R7.61 million to charities dedicated to helping children. The people and companies involved in SCS all give their time and labour free of charge.

 

Education, early childhood development and crucial medication supplies are just some of the things made possible through donations, such as those provided for via SCS. Charities that have historically been the recipients of donations are the African Children Feeding Scheme, Bethany House Trust, Child Welfare Tshwane, Cotlands, Childline, Guild Cottage, Salvation Army, Nazareth House, Salesian Life Choices, Topsy Foundation and Zisize Educational Trust.

 

Beneficiaries of the SCS programme have been able to achieve the following and more due to the donations received.

 

  • Guild Cottage provides protection to vulnerable girls. The donations from SCS have contributed to covering their transportation costs, office costs, therapy and medication.
  • Through the donation made to Zisize, they have made it possible for the children of Ingwavuma in KwaZulu-Natal to receive quality education through early childhood development and foundation phase teacher training.
  • SCS’s support of The Topsy Foundation has allowed them to provide the best services to children in Dipaleseng, Mpumalanga. Their Early Childhood Development programme currently benefits 1 923 children a month.
  • The SCS initiative has enabled Bethany House Trust to optimise services to their beneficiaries, including educational support to children in alternative care. The donation has also enabled them to appoint educators and equip the homework centres with resources.
  • The funding to Cotlands has contributed to the delivery of early learning opportunities to more than 13 000 children, including serving 314 000 meals. These services are delivered through early learning playgroups, toy libraries and mobile toy libraries and also through capacity building of skills in parents. .
  • Childline has been able to further their Community Awareness and Prevention Programme through their donation from SCS. As part of this programme, Childline hosts School Talks, Positive Parenting programmes and trains staff and volunteers.

 

The nurturing of children should be everybody’s business. Children are our most precious resource, our nation’s future depends on them. What we do for them determines their outcomes and potential in life, and they will be the people who generate the wealth and strength of our economy.

 

 

We would like to extend our appreciation to our clients and those involved in making a change in a child’s life. We also want to encourage more and more South Africans to donate their unwanted shares and get involved in this worthy cause.

 

Clients can get involved by contacting SCS, either directly, or through their broker, to donate their shares. They can also receive a tax benefit for doing so. In terms of Section 18(A) of the Income Tax Act, when investors donate their shares to SCS, they are issued a receipt that can be claimed against their taxation liability.

 

Strate: A Pioneer of Exchange-of-Value Settlement Solutions

All too often, good infrastructure goes unnoticed. This is probably one of the reasons why few South Africans know and understand the country’s Central Securities Depository, Strate, however, without it, investors would shy away from South Africa.
Prior to the implementation of Strate in 1999, SA was categorised as one of the worst emerging markets in terms of operational and settlement risk. Trading volumes on the stock exchange were averaging 4,000 trades daily, very thin when this is compared to the 350 000 on average during a month today.

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Strate Charity Shares’ Donations Surpass R6m Mark

Strate Charity Shares (SCS) is registered as a non-profit organisation and charity donation programme that was created almost 15 years ago to address the long-standing problem of investors holding small amounts of unwanted shares. Since 2002, SCS has paid more than R6 million to charities dedicated to helping children.  It hands donations to charities across South Africa that are dedicated to feeding, raising and educating children.

 

Investors who want to dispose of these unwanted shares to neaten up their portfolios have previously been deterred by the cost of selling them. As a result, thousands of rands are tied up in assets that cost more to sell than they are worth, and portfolios are left in an untidy state.

 

Donate Equities and Bonds

A solution is for clients to donate their shares to charity by contacting SCS, either directly, or through their broker. Given the success of share donations, SCS will be enabling investors to include bond donations as well. Investors will be able to dispose of bonds as securities to neaten up their portfolios, as well as receive a tax benefit for doing so. In terms of Section 18(A) of the Income Tax Act, when investors donate their shares to SCS, they are issued a receipt that can be claimed against their taxation liability.

 

The people and companies involved in SCS all give their time and labour free of charge. Charities that have historically been the recipients of these donations are the African Children Feeding Scheme; Bethany House Trust; Child Welfare Tshwane; Cotlands; Guild Cottage; Nazareth House; Salesian Life Choices; Topsy Foundation and Zisize Educational Trust.

 

For more information regarding SCS, visit https://trustlink.co.za/people-culture-community/strate-charity-shares.

 

If you wish to donate your equities and bonds to SCS, please call the toll-free helpline on 0800 202 363, or +27 (0)11 870 8207 if you are phoning outside South Africa. Alternatively, you can email charityshares@computershare.co.za.

First Bonds Donated to Strate Charity Shares

Strate Charity Shares (SCS), a registered non-profit organisation and charity donation programme, has received its first bond donations that will go towards supporting charities across South Africa that are dedicated to feeding, raising and educating children.

 

SCS was created over thirteen years ago to address the long-standing problem of investors holding small amounts of unwanted shares. Investors who want to dispose of these unwanted shares to neaten up their portfolios have previously been deterred by the cost of selling them. As a result, thousands of rands are tied up in assets that cost more to sell than they are worth, and portfolios are left in an untidy state.

 

While investors have been donating their shares to SCS, either directly, or through their broker, they are now able to include bond donations as well, and receive a tax benefit for doing so. In terms of Section 18(A) of the Income Tax Act, when investors donate to SCS, they are issued a receipt that can be claimed against their tax liability.

 

Since 2002, SCS has paid more than R3.5 million to charities dedicated to helping children. The people and companies involved in SCS all give their time and labour free of charge. Charities that have historically been the recipients of these donations are the African Children Feeding Scheme; Bethany House Trust; Child Welfare Tshwane; Cotlands; Guild Cottage; Nazareth House; Salesian Life Choices; Topsy Foundation and Zisize Educational Trust.

 

For more information regarding SCS, visit https://trustlink.co.za/people-culture-community/strate-charity-shares.

 

If you wish to donate your equities and bonds to SCS, please call the toll-free helpline on 0800 202 363, or +27 (0)11 870 8207 if you are phoning outside South Africa. Alternatively, you can email charityshares@computershare.co.za.

 

 

Strate Charity Shares Donations

Strate Charity Shares (SCS) is registered as a non-profit organisation and charity donation programme that was created to address the long-standing problem of investors holding small amounts of unwanted shares. It hands donations to charities across South Africa that are dedicated to feeding, raising and educating children.

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Bonds now Accepted as Strate Charity Shares Donations

Strate Charity Shares (SCS), which was created as an independent non-profit organisation and charity donation programme that focuses on charities dedicated to feeding, raising and educating children, has now expanded its  list of eligible securities to include odd lots of bonds as well.

 

Investors who have wanted to dispose of odd lots of securities (such as bonds and equities) to neaten up their portfolios have been deterred by the cost of selling them. As a result, thousands of rands are tied up in forgotten assets that cost more to sell than they are worth, and portfolios are left in an untidy state.

 

Today, company securities registers are filled with these odd lot securities. To trade these, the paper securities also needed to be dematerialised by the investors, who seldom chose to convert their securities into electronic form and would rather store the paper certificate at their homes. A solution is for clients to give their securities  to charity by contacting Strate Charity Shares, either directly, or through their broker, to donate their securities.

 

SCS has been a highly effective vehicle for getting rid of small holdings of shares that are too costly to sell through a stockbroker. Not only do shareholders incur no cost if they donate their securities to charity through SCS, they also receive a tax benefit for doing so.

 

“With investors now able to donate both bonds and equities towards SCS, they are able to help children in need, while also receiving the added benefit of tidying up their portfolios. These portfolios are littered with little holdings of securities that can’t really be sold, as the cost is too high to do so,” says Tanya Knowles, SCS Director and Strate’s Head of Project Innovation and Business Services.

 

“Also, when investors donate their securities to SCS, they are issued a receipt that can be claimed against their taxation liability, as per Section 18(A) of the Income Tax Act,” she adds. For individuals donating their equities to SCS, there are added cost-saving benefits for issuers and brokers too, given that issuers will have less of these odd-lot share holdings to maintain in their registered portfolios if they are donated to charities via SCS. The costs of producing annual reports will decrease, as these publications need to be produced and for these small share lots as well. Often, the paper to print these reports, or the administration required to pay out dividends, is significantly higher than what the securities are worth.

 

Since 2002, SCS has paid more than R3.9 million to charities dedicated to helping children, with R1.1 million donated in 2014 alone. The people and companies involved in SCS all give their time and labour free of charge. Charities that have historically been the recipients of these donations are African Childrens’ Feeding Scheme; Salesian Life Choices; The Bethany House Trust; Child Welfare Tshwane; Topsy Foundation and Cotlands.

 

If you have any queries regarding obtaining or completing the forms, please call the Strate Charity Shares’ toll-free helpline on 0800 202 363 or +27 (0)11 870 8207 if you are phoning from outside South Africa. Alternatively, you can email charityshares@computershare.co.za.

 

 

Strate Charity Shares Charity Spotlight

The Topsy Foundation empowers families and communities to improve the care and protection of all children made vulnerable by the HIV and AIDS epidemic. It is one of the charities that has been a beneficiary of Strate Charity Shares (SCS), a non-profit company that allows investors to donations of small or large amounts of their odd-lot shares to charity.

 

A number of years back, when clients’ portfolios were unbundled, they were consequently left with little holdings of shares that they couldn’t sell, as the cost was too high to do so. Also, company share registers are filled with these odd-lot share holdings that are costly for issuers to maintain. To trade these shares, the paper securities also needed to be dematerialised by the investors, who seldom chose to convert their shares into electronic form and would rather store the paper certificate at their homes.

 

A solution is for clients to give their shares to charity by contacting Strate Charity Shares, either directly, or through their broker, to donate their shares. They can also receive a tax benefit for doing so. In terms of Section 18(A) of the Income Tax Act, when investors donate their shares to Strate Charity Shares, they are issued a receipt that can be claimed against their taxation liability.

 

The total amount that Strate Charity Shares has distributed since its inception in 2002 is over R3 million, and charities that have historically been included as the recipients of these donations are African Children’s’ Feeding Scheme; Salesian Life Choices; The Bethany House Trust; Child Welfare Tshwane; Topsy Foundation and Cotlands.

 

Charity Spotlight: The Topsy Foundation SCS helps the Topsy Foundation achieve its goals, enabling it to build capacity in community-based projects by empowering families to improve the care and protection of all children made vulnerable by the HIV/AIDS epidemic.

 

The Foundation provides food parcels, school uniforms and other essential items to those in need on a monthly basis. Individual and community vegetable gardens are also established. Academic monitoring and assistance is provided for pre-schools, primary schools and high schools and it strengthens the economy of families through beadwork and sewing skills training.

 

It offers paediatric support groups, adult support groups and individual counselling sessions, while its trained professional nurse and community health care workers assist with home-based care services. The medical officer and other trained medical staff also assist with x-rays, sonars, growth monitoring and HIV counselling and testing. In addition, the organisation provides medical male circumcision services and cervical cancer screening services.

 

SCS is a convenient way to support charities, such as The Topsy Foundation, to carry out the wonderful work within the community. If you wish to donate your shares to SCS, please call the Strate Charity Shares toll-free helpline on 0800 202 363 or +27 (0)11 870 8207 if you are phoning outside South Africa.

Alternatively, you can email charityshares@computershare.co.za.

 

 

SCS Charity Spotlight: In Support of the Welfare of our Nation’s Children

Nelson Mandela once said, “Together as a nation, we have the obligation to put sunshine into the hearts of our little ones. They are our precious possessions. They deserve what happiness life can offer.”
Child Welfare’s vision is in line with Mandela’s, aiming to provide safe home environments to children and protect children to ensure that they have the opportunity to reach their full potential. It builds communities where all children live with a loving adult caregiver in a family home with easy access to food, health-care, education, recreation, and emotional support. SCS too is playing its part in helping Child Welfare Tshwane achieve its goals, as it is one of SCS’ beneficiaries.
Through investor’s donations of small or large amounts of their shares to SCS, they are helping children across the country. The funds from donors and sponsors help Child Welfare Tshwane – which belongs to one of the largest non-profit and non-governmental organisations in the country – help it drive a number of programmes.
Such programmes include, but are not limited to, child protection, adoption, bereavement groups and foster parents support groups.

 

According to Tanya Knowles, Strate’s Head of Corporate Affairs and a Board Member of SCS, investors can change the lives of many individuals who are in desperate need. “As investors and business people, we’re often met with the growing demands of life in general. While it is in our hearts to help those in need, some people wish that they could do more. SCS is such an easy and convenient way to do just that for charities across the country. There is also the added bonus to investors of ridding their portfolio of those nuisance odd lot shares and getting a tax benefit for the donation to SCS, which goes a long way to helping uplift communities and supporting charities, such as Child Welfare Tshwane.”
Some of the other charities to have benefited from SCS include the Salvation Army, the African Children’s Feeding Scheme, Hospice, the Red Cross and the World Wildlife Fund SA.