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LICT Corporation Announces Continuation of Shareholder Designated Charitable Contribution Program
Businesswire· 2025-11-19 19:51
Core Points - LICT Corporation announces the continuation of its Shareholder Charitable Contribution Program, allowing registered shareholders to designate 501(c)3 charities for donations of $100 per share [1][7] - The total potential contribution, if all shares are registered, would amount to approximately $1.6 million [1] - Since the program's inception in 2016, LICT has contributed over $10 million to designated charities [2] Program Details - Shareholders must register their shares in their own name to participate in the program, with a deadline of December 15, 2025 [3][4] - A charitable contribution form will be distributed to registered shareholders, which must be returned by January 12, 2026 [4] - Only recognized 501(c)3 organizations are eligible to receive donations from LICT on behalf of shareholders [4] Historical Context - The program is similar to one previously run by Warren Buffett at Berkshire Hathaway from 1981 to 2003 [7]