Donors to the DCLT have the option to give funds for exclusive use towards the acquisition and stewardship of land or permanent conservation restrictions on land. These gifts can be made at any time, while property-specific contributions can be made during acquisition campaigns.
Gifts of Land:
Land donated outright will be held in its natural state for conservation purposes. The appraised value of the land at the time of the gift is deductible against federal income taxes (against up to 30% of adjusted gross income in the year of donation and for five years thereafter). In addition to federal deductions, landowners with eligible land may qualify for MA tax credits equal to the lesser of 50% of the donation value and $75,000.
Conservation Restriction (CR):
A CR is a voluntary agreement that enables you to retain ownership of your land subject to a loss of some development rights on all or part of the property. The restriction must protect conservation values such as the natural, scenic, and open condition of the land. The diminished value of the land becomes a deduction against 50% of adjusted gross income for the year of donation, and the amount not used carries forward for an additional 15 years. Property tax reduction can be considerable if building sites are extinguished.