land trust


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Land Trust

1. A trust in which a grantor deposits one or more pieces of real estate. A trustee is given the right to manage the real estate. All profits or other gains are given to a beneficiary chosen by the grantor.

2. A government or private nonprofit organization responsible for managing and conserving real estate, especially undeveloped or unspoiled land. Such trusts exist to prevent environmental degradation of the land.

land trust

A trust in which land is the only asset. See trust.

References in periodicals archive ?
The IRS also found that the land trust had violated the substantial-nonexempt-purpose test and the private inurement doctrine, Id.
The pulse is quickening in the 16 individual land trust organizations that endeavor to conserve wildlife habitat, agricultural and scenic lands throughout the state.
The legal community associated with the land trust movement should address these potential problems.
Bardessono in Yountville, California, a platinum LEED certified hotel property of MTM Luxury Lodging, has announced that it has partnered with Lexus, Tesla Motors, AV Aerovironment, and Land Trust of Napa County to provide for guests with electric and hybrid transportation.
The Year 4 pupils at Gosforth Park First School in Newcastle have been building safe and comfortable habitats for hedgehogs with help from national charity the Land Trust.
Travel Business Review-7 June 2010-Whidbey Camano Land Trust Announces Campaign to Save Whidbey Island Forest(C)2010 ENPublishing - http://www.enpublishing.co.uk
Paul Schissler, executive director of Kulshan Community Land Trust, is moving into the new role of policy advisor this month and Dean Fearing will take over Schissler's position.
Bethlehem / PNN - Holy Land Trust of Bethlehem is coordinating the Palestine portion of the World March for the thirteenth and fourteenth of next month.
"We recognized that safeguarding our landscape was too large a task for any one organization to accomplish," says Gary Wein, executive director of the Highlands-Cashiers Land Trust.
Wentworth is the president of the Land Trust Alliance, a group representing 1,700 conservation trusts.
Dear EarthTalk: What's a "land trust" and how does it help the environment?
Even on the preserved paths of this section of the Aspetuck Land Trust, one can hear the rush of highway traffic just ahead.