Land Easements

The Global Cooling Network's (GCN) primary approach is to protect the natural habitat, preserve land resources and to receive qualified conservation contributions.

You can help GCN foster climate stewardship by allowing GCN to manage the property. The land will be preserved for generations to come. Learn more about land easement and help reach the goal to preserve 1 million acres of land!

easement

An easement is the right to use another person's land for a stated purpose. It can involve a general or specific portion of the property.


CONSERVATION EASEMENT DONATION GUIDELINES

After discussions with a landowner have led to a conceptual agreement regarding the sale or donation of a conservation easement, The Global Cooling Network (GCN) will follow the steps below to accept the easement donation.

1. Qualified Appraisal

If the easement is being donated, GCN's expectation is that the donor will obtain a qualified appraisal at the donor's cost. If GCN is contemplating purchasing an easement, then both the landowner and GCN will obtain their own appraisals.

If the landowner wants to claim a charitable tax deduction for donating an easement, the IRS requires the landowner to obtain a "qualified appraisal" to justify the value of a donation over $5,000.
Treasury regulations require that the appraisal be made not earlier than 60 days before the date of the gift.


2. Intent to Engage

Between the time GCN comes to an agreement with a donor and the time GCN is ready to acquire the easement, a title search must be completed, an environmental assessment may be ordered, and GCN may need time to raise funds to cover the purchase price. To document the parties commitment during this period, which often can take several months,
a written agreement documenting the parties' intention to reach an agreement may be prepared and signed by the parties.


3. Baseline Documentation

An analysis of the property's conservation values needs to be performed. This is an IRS requirement for landowners who intend to take a charitable tax deduction and will support GCN in conducting meaningful inspections in the future. The report – called "baseline documentation" – describes the condition of the property at the time the easement is placed on it and identifies the property's important resources and any threats to those
resources.

GCN will contract with conservation biologists or environmental consultants to prepare the baseline documentation.


4. Title Search

GCN will perform a title search to check for liens, encumbrances, or other problems with the property's title for any potential donation. Title information furnishes the legal property description that must be included in any land transfer document.

GCN will determine whether or not it is appropriate to acquire a title insurance policy. Title insurance protects GCN from financial loss resulting from defects in the property's title, other than defects that are listed and excluded from the title insurance policy.


5. Environmental Assessment

For every easement GCN acquires, GCN will first inspect the property (and view neighboring properties to the extent possible), review the property's (and neighboring properties') past uses, research public records and permits for indications of past problems, and document all steps taken in the investigation. An initial assessment may recommend analysis of soil and water samples from the property. GCN will terminate the transaction if
the environmental assessment uncovers problems that are unacceptable.

 
6. Conservation Easement Donation Agreement
GCN will prepare an easement document, which will list mutually agreed-upon use and development restrictions and will specify which parcels (or portions of parcels) are covered by those restrictions.


7. Survey

If the boundaries of the property are unclear or in dispute, or if grant funds are being used in the transaction, GCN may pay for a survey to be performed.


8. Stewardship Fund

To fulfill monitoring and enforcement responsibilities, GCN will require a stewardship contribution with every conservation easement. This contribution may come from sources other than the landowner.

The suggested donation amount will be calculated by estimating the staff time, travel expenses, and potential legal services needed to monitor, service, and enforce the easement.

9. Settlement

If GCN is purchasing the easement, GCN will schedule a real estate closing once all the conditions of the sales agreement have been satisfied. If the easement is being donated, a formal closing is unnecessary.

 

Benefits to You
• A tax deduction.
• Reduced property taxes because a nonprofit
organization is holding the easement.
Benefits to GCN
• GCN will inform you of things that are being handled as you indicated in the original easement document.
• GCN will reap the benefits of knowing the planet is being taken care of because the property is being utilized in an
environmentally friendly manner.