Ilyas Khan has surrendered his 12% stake in Accrington and given his shares to the club's Supporters' Fund.
Millionaire businessman Khan, who last week unsuccessfully attempted to take over the ailing League Two side, hopes that his gesture can help ensure the club's future.
"These are tough times and actions speak louder than words," he told the Lancashire Telegraph. "I believe that by donating my shares to a true forum for supporters, I can lead by example and show that no one person is bigger than the club."
Khan's offer to pay off the club's £308,000 tax bill in return for an equivalent share in the club was rejected by Stanley, who need to raise that amount before October 28 or face being wound up.
Their fundraising attempts continue on Tuesday night with a money-spinning friendly against Blackburn at the Crown Ground.
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