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:

    “They are ill discoverers that think there is no land when they see nothing but sea.”
    —Francis Bacon (1561–1626)

    “My trust,
    Like a good parent, did beget of him
    A falsehood in its contrary, as great
    As my trust was; which had indeed no limit,
    A confidence sans bound.”
    —William Shakespeare (1564–1616)