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Home2019-09-06T18:16:28-04:00

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Stockbridge Land Trust restores Kampoosa Bog Basin sign at Eden Hill

Stockbridge, MA - The Stockbridge Land Trust has taken steps to restore the Kampoosa Bog Basin sign located on the property of the National Shrine of the Divine Mercy at Eden Hill in Stockbridge, Massachusetts.  The original sign was installed approximately 10 years ago and suffered considerable damage due to the weather. The Stockbridge Land Trust would [...]

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WHO ARE WE?

On a rainy Saturday morning in the summer of 1986, a small group of people met to discuss the preservation of open space in Stockbridge, MA…

Over the past 25 years, the Land Trust has used a number of methods to carry out its mission of preservation. Its preferred method is the acquisition of a conservation restriction (CR) on privately owned land that has been identified as environmentally significant. The Land Trust informs the owners of this type of property of the tax benefits to be obtained if the owner grants a CR to the Land Trust. The CR limits development of the land and therefore reduces the value of the land. However, the owner is entitled to a federal charitable contribution tax deduction in the amount of the reduction in value brought about by the granting of the CR to the Land Trust, a charitable corporation under federal tax law. In addition, the reduction of the owner’s property value (in granting the CR) reduces the owner’s local, real property tax liability.

Sometimes the Land Trust has identified environmentally significant property where the owner is not interested in granting a CR but wishes to sell the property. In these situations, the Land Trust may ask the owner to convey the property to the Land Trust for less than its full market value. Such a transaction provides the owner with direct compensation (in the amount of the agreed upon purchase price) and also entitles the owner to a charitable contribution federal tax deduction in the amount of the difference between the full market value and the agreed upon purchase price.

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