the land trust alliance
DESCRIPTION
Types of conservation easements and the pros and cons for owners wishing to participate in a voluntary land conservation agreement.TRANSCRIPT
The Land Trust Alliance
And Land Conservation in America
The Land Trust Alliance Works with over 1,600 land trusts in the
United States Utilizes conservation easements Advocates voluntary land preservation Promotes education and standards Provides resources Foundation is The Land Trust
What Is A Land Trust? First formed in late 1800’s Private, non-profit organizations Created to preserve and protect land Tax-exempt status allows for donations Creates public & private partnerships Utilizes conservation easements
The First Land TrustCharles Eliot(1859-1897)
Boston, MassachusettsFather of the
Land Trust Movement
Compared land held in trust to books in a library or paintings in a museum
Conservation Easements
Conservation Easements-BenefitsOwner
Tax Benefits Maintains Control Compensation while
keeping land through tax benefits or cash
Land Trusts
No management required
Less cost to acquire Easier to work with
owners who want to keep their land
Conservation Easements
Conservation Easements-ConsOwner
Restrictions in perpetuity required for tax benefit
Future income limits property value
IRS compliance/rules can be challenging
Land Trust Monitoring
requirements Future landowners
may not wish to honor easement
Current land use is not guaranteed
Types of Conservation Easements Agricultural Coastal Wetlands Historical Forest Open-space