Conservation Easements, Donor Advised Funds, and Sponsoring Organizations: Governing Principles

Summary

This practice note examines real property transactions involving easements granted in the name of conservation that can yield tax deduction benefits to the grantor. The validity of charitable contributions in this area is subject to scrutiny and deduction claims are prone to challenge by the Service and resulting controversy. This practice note identifies signposts and hazards tied to these kinds of engagements.