A host of benefits
You may receive numerous benefits by donating land or buildings to the Wild Land Trust, including a Current Market Value Tax Deduction. We can typically handle the entire transfer, relieving you from ongoing upkeep, hassles, property taxes, and liabilities.
How do I determine my tax benefit?
Generally, our donors are able to deduct 100% of the fair market value of donated land if they have held it for over one year. Market-value donation deductions are typically allowed up to 30% of a taxpayer’s adjusted-gross-income (50% for cost-basis donations). Contributions in excess of the annual limits may typically be carried forward up to five years. Other rules apply so this simplified description should not be interpreted as legal or financial advice; we can not provide tax advice specific to your case so please see IRS publication 526, Form 8283, and consult your tax preparer for details.
Do I have to pay fees or closing costs?
No. Unlike selling a property, you do not have to pay fees or closing costs for your donation. However, if you choose to claim a tax deduction of more than $5000, the IRS requires a qualified professional appraisal. If you already have a recent qualified appraisal you will not need another.
How does the closing process work?
If convenient for you, we can arrange a time to meet you at your property and discuss your wishes. We typically work with a local title company and also have the ability to close smaller donations in-house. The process usually takes 3-5 weeks. (Note: for 2020 tax year donations, please contact us by November 21, 2020)
Can you accept property with homes or other structures?
Yes. Your property can provide vital ongoing proceeds and may become a part of our urban/wild interface research.
Find out more
If you might be interested in donating your property, please complete as much of this questionnaire as possible and one of our program directors will be in touch within 24 hours to answer any questions you may have.