Re: Good Definition Of A Land Trust - Posted by Jimbob
Posted by Jimbob on December 18, 1998 at 14:17:10:
Here’s a partial on what a Land Trust is, I suspect you’re looking for legal information, but here’s a general overview.
Acquire land through donations
Secure conservation easements on land and monitor the terms of these easements
Work in partnership with private and governmental conservation agencies
Land trusts vary greatly in size. Over half are completely volunteer, others have only a director or one or more part-time staff members, a few have a large staff, prominent board of directors and a large membership. Annual budgets range from under $10,000 to over $1 million. 32% operate with budgets of $100,000 or more.
84% of all land trusts accept land donations. 75% accept conservation easements. In both instances donors can receive significant tax benefits based on the value of the donated land or easement.
63% of land trusts buy land for conservation. 70% of the funds for purchases come from contributions from members and individual donors in the community. Other finds come from government agencies, foundations, and corporations. Land trusts also borrow money from banks, foundations, and individuals to buy land. Loans are repaid either through fund raising, sales to conservation buyers or, in the case of advance acquisitions for local, state or federal conservation agencies, when public funds are available and the property is repurchased by the government.
Although independent, land trusts frequently work with each other, with national conservation organizations, and with government agencies on important projects.