As a Fraser myself, here are a few suggestions if you decide to cut it up:

1. Give each female descendant a strip. Those unmarried can use it as part of any future marriage ceremony a la the handfasting in Braveheart - my wife and I did this, though we also used a strip of her father's kente cloth from Ghana as I didn't want it to be seen that she was becoming my 'property' or anything like that.

2. Give each male descendant a strip to include in a quilt/cushion that he, or somebody else, might make.

3. Send one strip to the Fraser heartlands around Inverness for burial in memoriam. Either somebody could take it from the USA or it could be posted over. I'd feel honoured to take it there on my next visit north of the border.

Slainte

Bruce