We also sell the shares, putting them in our endowment, on the basis that we
are unable to oversee a portfolio of investments on our own.  Our bank's
trust dept. manages our small endowment, and can retain the shares for us if
we ever want to change policy.  However, it will not make "sell" or "buy"
decisions.
Ross Weeks Jr.
Tazewell VA
----- Original Message -----
From: Ann kiewel <[log in to unmask]>
Newsgroups: bit.listserv.museum-l
To: <[log in to unmask]>
Sent: Friday, December 03, 1999 11:23 AM
Subject: Question: Gifts of Stock


> We are reviewing our policy regarding gifts of stock to the museum.  We
> are wondering what others do, that is, to sell or to keep.  If you don't
> sell the stock, who watches it?
>
> Basically we have always sold stock, usually to put the money in our
> endowment, but we have one certificate now that the donor has requested
> that we hold on to.
>
> Thanks in advance for all who respond.
>
> Ann Kiewel
> The Holland Musem
> [log in to unmask]
>
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