Contemporaneous Written Acknowledgement
Source
About This Practical Pointer
While donors are legally responsible for substantiating donations of conservation easements, land trusts may assist donors with the necessary paperwork. Recent court decisions highlight the importance of land trusts helping donors understand the law, without giving legal advice. This factsheet offers guidelines on the drafting and delivery of the contemporaneous substantiation letters required by IRC Section 170(f)(8).
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Practice 5B – Contemporaneous Written Gift Acknowledgment: Easement Donation
This is a template for contemporaneous written gift acknowledgement and was reviewed and approved by the Land Trust Accreditation Commission in December 2014.
Practice 5B – Contemporaneous Written Gift Acknowledgment: Bargain Sale
This written gift acknowledgement is annotated and was reviewed and approved by the Land Trust Accreditation Commission. The annotated version includes commentary from the Commission on specific elements required for accreditation.
Individual Making Qualified Conservation Contribution Allowed Gift Tax Charitable Deduction
Tax analysts' summary of IRC Section 170 —Charitable Deduction.
Sample for Practice 5B: SPNHF Gift Acknowledgment
This is a template for gift acknowledgment for full or partial gift conservation easement, reviewed by the accredited Society for the Protection of New Hampshire Forests.