Donors use incentives available in the
federal income tax code, which acknowledge easements as charitable contributions.
In some cases, this benefit is combined with other state and local charitable
gift incentives. Many owners of income-producing properties also join
this donation benefit with state and federal tax incentives for rehabilitation
of certified historic properties. Owners develop these overall tax strategies
with their financial advisors.
In donating an easement, an owner transfers control of designated portions
of a property to the foundation. Typically, the exterior envelope is conveyed.
As a result, any subsequent maintenance work and alterations are subject
to the approval of the foundation.