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Land conservancies are organizations set up to preserve open space through the permanent protection of lands while allowing people to retain ownership and enjoyment of their property. Each conservancy establishes their mission according to the needs and wishes of their membership. Some conservancies focus only on open space whilst others also look at preservation of environmental or historical aspects of their communities. The main tool used by land conservancies is a conservation easement.
A conservation easement is a legal agreement between a property owner and a qualified conservancy. This protection is accomplished by placing permanent, legal restrictions on the types and amounts of development that may occur on the property. Typically, an easement is given in the form of a donation from the property owner to the conservancy. This donation has monetary value and provides a tax benefit to the donor. To be claimed as a charitable donation, an easement must: be a qualified, real property interest; be given in perpetuity to a qualified organization; and be donated exclusively for conservation or historic preservation purposes.
Your neighbors have recently established the Radnor Conservancy. If you would like further information, to become a member or donate lands, contact the Radnor Conservancy, P.O. Box 48, Wayne, PA 19087.
You can also email, information@radnorconservancy.org Their website is www.radnorconservancy.org
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