Home      Login

Abstract: 

Private foundations are not permissible donees for conservation easements. Indeed, foundations seldom receive inter vivos real estate gifts due to the limited deductibility of such contributions for income tax purposes. For these reasons, a court decision involving a transfer of a conservation easement to a public charity might seem out of place in a newsletter such as Family Foundation Advisor. Nevertheless, a recent case will no doubt be of interest to our readers because it deals with a subject that every advisor faces almost daily—valuation, and the methodology for valuing hard-to-value assets.

Keywords: 

Affiliations:  .