Land Donation

[Nick Connor]

Has anyone ever donated land to a charitable organization before via 501(c)(3)? I recently bought a piece of property that is located behind my rental property for 8K with the idea of possible building a four plex on or making carports and charging tenants to use.

The property is long and narrow and is sorrounded by housing on three sides, like the middle of a "U". Someone in the n'hood asked if I'd be interested in donating it to a local university to teach people in the community to grow their own food. iIt would be used as a communtiy garden.

They had also mentioned something about obtaining a property via community land trust?

Anyone have feedback in regards to this? All help is appreciated...

[Account Closed]

You don't have to donate the land. You can donate the lease and get your tax deduction for that.

Here's the down side of donating land to universities and to the state for parks. Just because you want the land used for a park doesn't obligate the government. They (and universities and libraries) very often just sell the land, or whatever else you've donated, and they take the cash and run.

There's no telling what you'll end up with behind your property if you donate it to the university.