Charitable giving is big business in the U.S. It is estimated that $316.23 billion was donated in 2012 by American individuals, corporations and foundations. Americans donate money, clothes, food, their time, household items, cars, boats, homes, and…land. In fact, 2-3% of charitable donations involve land, according to the Chronicle of Philanthropy. Land, whether a residential lot or large acreage, is often donated: 1) to help a greater cause, 2) as part of a family or corporate legacy, or 3) for tax benefits or other financial purposes (or a combination of these motives). Land owners with unwanted property sometimes decide to…
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