Donate Land to Protect a Place You Love
The gift of real estate can be an incredible way to share your love of the land, support the work of the Land Trust and have a lasting impact on Whidbey and Camano Islands while reducing your taxes and the burden of land management.
Land donations can benefit you and the Land Trust in a multitude of ways:
- Land is a scare resource. Conserved land leads to healthier soils, scenic vistas, cleaner water, wildlife habitat and open spaces for communities to enjoy.
- Qualified donations of land and conservation easements are tax deductible.
- Estate plans that include conservation easements reduce the value of the land proportionally to how restrictive the terms are in the easement making the transfer of land to an heir less complicated. This can also reduce the amount of property taxes that are owed on it.
- Protected land has been proven to increase the value of land in surrounding areas.
- Conserved property is protected from development and can encourage efficient land use in existing areas rather than encouraging sprawl.
Ways to Protect Your Land
A conservation easement is a legal agreement between a landowner and the Whidbey Camano Land Trust that protects the conservation values of the property. The agreement allows a landowner to continue to own and use their land, and the land can still be passed on to heirs or sold. When a landowner agrees to a conservation easement, they voluntarily give up some of the rights associated with owning land.
A landowner may donate a conservation easement to the Land Trust or sell it. If a donation benefits the public and meets other federal tax code requirements, it may qualify as a tax- deductible charitable donation.
Property and Land Donations
When a donor makes a gift of property, lands with high conservation values often become preserves, where they are managed to protect qualities such as wildlife habitat, open space, or public enjoyment. Developed land or properties with other appropriate uses can be utilized as leverage for other important conservation acquisitions and transactions.
Donations with Lifetime Income
If a donor has land they’d like to donate to the Land Trust, but need to receive income during their lifetime, they may wish to consider a charitable gift annuity or a charitable remainder unitrust. These options are most useful for highly appreciated land which may otherwise incur high capital gains tax.
If you are interested in donating your land or property to further the mission of the Whidbey Camano Land Trust, please contact Ryan Elting at email@example.com or 360.222.3310.