 |

As a land trust,
the Conservancy uses many tools to assist landowners and
communities in their preservation efforts. If you’d
like to learn more about any of the options described below,
please contact the office at (360) 373-3500, (866)373-3504
(toll free), or via email.

Why Someone Might Want to Conserve
Their Land
Perhaps you’ve watched the forests surrounding your
property slowly disappear and fear for the future of your
own trees. Maybe you own a farm that’s been in your
family for years, one that you’d like to see future
generations continue to farm. Perhaps you and your neighbors
are concerned about the future of a creek that runs across
your lands. Maybe you want to make sure the views out your
windows are ones that your grandchildren will be able to
enjoy.
For these reasons and more, landowners like you choose to
conserve their lands. As populations
grow and residential and commercial development expands
throughout our region, our forests, natural shorelines,
and open spaces are rapidly disappearing forever. A voluntary
gift of land (or a gift of conservation interest in land)
is one of the most significant contributions a family or
an individual can make to the scenic and natural future
of the Great Peninsula region.
Options for Land Conservation
Conservation Easement
As a private property owner you have the right to privacy;
you have the right to farm your own land; you have the right
to use and enjoy your property; you have the right to sell
your land, or to pass it on to your heirs; you have water
and mineral rights…and the right to develop your property.
One way you can protect your land is by donating a conservation
easement to the Great Peninsula Conservancy. A conservation
easement is a permanent, legal agreement placed on the title
that limits future uses of the land. Each conservation easement
is unique, written with your cooperation and with your needs
and the needs of your particular piece of property in mind.
Because the easement stays with the property when it is
sold or inherited, it offers permanent protection for your
land.
You may continue to live on your property, you can use the
property for purposes such as farming or forestry, and you
can sell or pass on the property when you choose. But with
a conservation easement in place, you'll have the assurance
that, come what may, your unique piece of land will be protected.
With conservation easements we choose to give future generations
a chance to know and enjoy the land – just as we have.
Advantages to protecting your land with a conservation easement:
- You retain ownership and may continue to live on the
land, sell it, or pass it on to heirs.
- Conservation easements are flexible and can be written
to your specific needs.
- They are permanent, regardless of who owns the land.
- A Conservation easement may significantly lower estate
taxes and property taxes.
Land Donation
Donating land for conservation purposes may be the best
conservation strategy for you if you do not wish to pass
your land to heirs, if you own property you no longer use,
if you own a highly appreciated property, if you have substantial
real estate holdings and wish to reduce estate tax burdens,
or if you would merely like to be relieved of the responsibility
of managing and caring for land.
The Conservancy accepts donations of land with and without
conservation value. Lands with conservation value will either
be held permanently by the Conservancy or protected with
a conservation easement and then sold to a conservation
buyer. Lands without conservation value will be sold to
fund future projects and the work of the Conservancy. Donating
land is more straightforward than protecting land with a
conservation easement and you will receive tax benefits
for your charitable donation regardless of whether the land
has conservation value.
Advantages to donating your land to the Great Peninsula
Conservancy:
- The donation process is simpler than protecting land
through a conservation easement.
- You are relieved of responsibility for the land.
- You receive tax benefits regardless of whether the
land has conservation value.
- You avoid capital gains tax.
- If your land has conservation value, it will be permanently
protected.
Bequests
If you'd like to retain ownership of your land during your
lifetime but want to ensure its protection after your death,
donating your land to the Great Peninsula Conservancy via
a bequest in your will may be an ideal solution for you.
Before establishing the bequest, please contact the Conservancy
so that we are aware of your intentions and prepared to
accept your gift.
Advantages of bequesting your land to the Great Peninsula
Conservancy:
- You can continue to live on the land while ensuring
its future protection.
- You may significantly reduce estate taxes.
Remainder Interest Land Donation
An outright donation is not the only way to give land. You
may give land while continuing to live on it by donating
a remainder interest and retaining a reserved life estate.
In this arrangement, you donate the property during your
lifetime, but continue to live on and use the property.
When you die (or sooner, if you choose), the land trust
gains full title and control over the property.
By donating a remainder interest, you can continue to enjoy
your land and may be able to claim an income tax deduction
for the value of the donation, your estate taxes may be
reduced, and the property taxes are levied only on that
portion of the land retained for personal use.
Advantages to making a remainder interest land donation
to the Great Peninsula Conservancy:
- You may continue to live on your land while ensuring
its future protection.
- You may qualify for a reduction in estate taxes, an
income tax deduction and a reduction in property taxes.
GPC Project Priorities
In order to protect the most vulnerable parts of the Great
Peninsula region, the Great Peninsula Conservancy prioritizes
conservation projects that include one or more of the following
features:
Water-related lands: These lands include estuaries,
marine shorelines, wetlands, streams, and riparian corridors
in a broader context.
Open space with an established or recognized conservation
value: These lands have a wide range of conservation
values, and may include lands that are working forests or
farmlands, lands that promote or preserve a particular community
character, and lands with unique habitat or geography.
Passive recreational lands: These lands support
passive recreational opportunities such as trails, non-motorized
water access, and picnicking, viewing and interpretive areas.
Trails and trail corridors are a priority.
Other lands: Certain lands may be considered on
a case by case basis because of the importance of particular
characteristics or other significant opportunities they
bring to the organization.
You don’t have to own land to be a part of conservation
in our region. Click here
for other ways to get involved.
Was
this information useful? Email
us and let us know!
|
 |
 |