Donation of Land (tradeland)

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Donation of Land (tradeland)

Berry-Patch-019One of the greatest gifts to ASA is what is referred to as a tradeland. These are lands that people donate outright or bequeath to ASA. ASA becomes the owner of the property at the time of conveyance or upon death if conveyed in a will. ASA evaluates each property to see if it meets the criteria for a conservation easement or whether it might be used for another purpose by the organization (such as a demonstration farm or forest or other publically-accessible property to be used in educating and promoting farmland conservation and local agriculture). If it meets ASA’s conservation criteria, then the property will be sold subject to a conservation easement. The funds generated from the sale are then applied toward other ASA conservation projects. If the property does not meet the criteria, such as a residence or a small vacant parcel, then it will be sold unrestricted. Again the proceeds are used by ASA for other land protection efforts. Donating land is a win-win for all involved. The donor receives a tax deduction for his or her charitable gift (or if done via will the estate receives a lower estate value), ASA receives proceeds to fund other land protection efforts and the purchaser of the land buys the property at a lower value if it is sold subject to a conservation easement.

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