There was an article in the newspaper some time ago about the Toronto
Symphony Orchestra being given shares of Bre-X stock as a donation.  They
were fortunate that they cashed in the stock certificates right before they
became worthless, becoming one of the few 'investors' who actually made
money from Bre-X.

I believe that their policy was not to hold any stocks, which is why they
cashed them in almost immediately.  I would imagine the rationale would be
that a tax receipt would be issued for the value of the stock, and unless
the certificates are cashed in, they're not really worth anything.

Alex Avdichuk
City of Toronto
Arts, Culture and Heritage Services
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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