Land Trust

There are two distinct definitions of a land trust:

  • a private, nonprofit organization that, as all or part of its mission, actively works to conserve land by undertaking or assisting in land or conservation easement acquisition, or by its stewardship of such land or easements; or
  • an agreement whereby one party (the trustee) agrees to hold ownership of a piece of real property for the benefit of another party (the beneficiary).

Read more about Land Trust:  History

Famous quotes containing the words land and/or trust:

    “But where shall wisdom be found? And where is the place of understanding? Mortals do not know the way to it, and it is not found in the land of the living.”
    —Bible: Hebrew, Job 28:12.

    “To meet the objections of some inveterate cavillers, I may as well state, that if I dined out occasionally, as I always had done, and I trust shall have opportunities to do again, it was frequently to the detriment of my domestic arrangements.”
    —Henry David Thoreau (1817–1862)