Chair of Stagecoach donates £100m-worth of shares to charitable trust

The transport company's Sir Brian Souter has given the shares to the Souter Charitable Trust, which he set up with his wife Elizabeth

Brian Souter (Photograph: Peter Macdiarmid/Shutterstock)
Brian Souter (Photograph: Peter Macdiarmid/Shutterstock)

The chair of the transport company Stagecoach has made a donation worth more than £100m to a foundation he set up.

Sir Brian Souter said he had given £109m in shares to the Souter Charitable Trust, which he established with his wife Elizabeth in 1992 after his investments performed well.

The Scottish-based charity has given more than 13,000 grants worth more than £98m over the past 13 years and particularly supports projects for the relief of human suffering.

It has supported charities including Mary’s Meals, which provides food for school children in developing countries, Chest Heart & Stroke Scotland and the development charity Tearfund.

Souter said: "Given the excellent performance of Souter Investments, I have today gifted 28 per cent of its shares to the Souter Charitable Trust. I estimate that the value of this shareholding is £109m.

"Our total portfolio, excluding Stagecoach, increased in value by 9 per cent per annum over the 12 years ended March 2019. This compares against a 5 per cent annual return on UK-quoted equities over the same period."

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