It sounds like you have a donor with an emotional attachment to the entity
that generated the stock. This is not unusual, so you would be wise to ask
the history of this: you might come up with an interesting story about your
donor and endowment; your understanding of the situation might gain you
flexibility from the donor about future disposal of the stock; and the
insight you gain about the donor may lead to future gifts.

One way or the other, find a certified financial planner or similarly
credentialed individual in your area whom you ask to join your board or
chair a task force to discuss this gift and others, as well as your present
gift-of-stock policy. Ask the participation of a local banker and an
insurance agent (who might also be a registered representative and
experienced in stocks and mutual funds, as well as cash value insurance and
annuities that you should also consider as future endowment sources). They
might be willing to be your "prudent person" committee to watch and
evaluate the stock's performance for you.

Best wishes!
Karen Bradford
Senior Public Information Representative
(and former registered representative!)

Center for Archaeology and Paleontology
University of California, Riverside
Riverside, CA  92521-0224
Office (909) 787-3517
Fax (909) 787-5934
http://westerncenter.ucr.edu

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