Donation Models
Donation Models
Donors may choose from either one of 2 ways of donating.
Model 1
This applies to donors who prefer to donate their listed securities under Shares2share without the need for Tax Receipts.
Model 1
Under Model 1, the donor shall transfer the listed securities to YBM’s CDS account under Shares2share. Proceeds from the sale of the donated securities will be channelled to charitable organisations by YBM.
Model 2
This applies to donors who prefer to receive a Tax Receipt for the donation of their listed securities under Shares2share.
Model 2
a) Under Model 2, the donor shall transfer the listed securities to the donor’s Participating Organisation’s designated exempt authorised nominee (EAN) account. There will be no change in beneficial ownership as the securities still belong to the donor.
b) The securities transfer information shall be shared with YBM (with prior consent from the donor) for monitoring purposes. The objective of the monitoring is to enable YBM to liaise with the PO for the disposal of the securities. If the donated securities are in odd lots, they will be accumulated with other odd-lot securities of the same counter and sold only if the board lot is achieved. The donated securities will be accumulated on a first-in, first-out basis.