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Museum discussion list <[log in to unmask]>
Date:
Wed, 9 Dec 1998 15:38:50 -0600
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Museum discussion list <[log in to unmask]>
Subject:
Re: Gifts of Stock - Policy?
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From:
Robin Le Van <[log in to unmask]>
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We convert. There isn't any IRS ruling mandating that non-profits do this,
but many are afriad of "taking the heat" for a stock's devaluation. If it is
a blue-chip or something that looks promising and will not jeopardise your
organization, you might want to hang on to it. I'd check with your fiscal
officer/advisor.
-----Original Message-----
From: Museum discussion list [mailto:[log in to unmask]]On
Behalf Of Museum
Sent: Wednesday, December 09, 1998 8:42 AM
To: [log in to unmask]
Subject: Gifts of Stock - Policy?


We were recently given a restricted endowment in the form of a solid
utility stock.  I'd like to keep it as stock.  Finance Committee wants it
converted.  Can anyone give me a case for keeping the stock and/or a
finance policy that includes stock as one form of asset?
Ann Kiewel
Holland Museum

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