Outright Gifts of Assets
Help to conserve the unique natural character of the Piedmont area in North Carolina. Enjoy tax benefits. Improve your income. Preserve your estate for your heirs.
Your gift to Piedmont Land Conservancy (PLC) helps to ensure a more beautiful and sustainable community by permanently protecting and maintaining significant natural resources, parks, historic lands, family farms, and greenways. As the only local land trust with permanently protected properties within our region, the Conservancy represents the nine counties of Alamance, Caswell, Forsyth, Guilford, Randolph, Rockingham, Stokes, Surry, and Yadkin; PLC receives support from all across its nine-county region, from donors across NC, and from others outside NC who believe in preserving our region and its natural beauty and ecology. Below, we have highlighted different ways to give, either through Outright Gifts of Assets or with Deferred Giving Opportunities.
Piedmont Land Conservancy is committed to preserving unique natural features and important community parks and greenways where people of all ages have the opportunity to appreciate their natural world, learn from nature, and quietly renew their inner spirit. The Conservancy’s vision is to balance growth with protected green spaces by identifying "nature’s special places" and working with willing landowners who want to conserve their land. Such donors may also receive potential tax benefits.
Since the Conservancy’s incorporation in 1990, we have protected 3,800 acres including farms, forest, rivers, historic lands, parks, and greenways with a market value of $19 million. We have also raised more than $5 million for education, programs, operations and land purchases. Our policy of building partnerships with all community shareholders provides an effective means to permanently preserve land.
The Board of Directors has established a series of Conservation Accounts to provide income and/or principal to be used for acquisition, protection, education, and a permanent, restricted management endowment. Contributions may be restricted for a purpose that you designate which also meets the long-term goals of the conservancy.
Cash
An outright gift of cash is the simplest means of making a donation to Piedmont Land Conservancy Conservation Accounts. Cash gifts obviously have an important impact since they may be put to work immediately.
Appreciated Securities
Gifts of appreciated securities, such as stocks and/or bonds held for longer than six months, are fully tax deductible. This deduction includes the difference between what you paid for the security and its market value when donated. Such gifts are deductible annually up to 30 percent of your adjusted gross income on your federal income tax return with the same five-year carry-over deduction provision as cash gifts. Remember that you must give the security itself in order to avoid paying capital gains tax on the profit rather that selling it first and then giving the cash.
Securities can be transferred to Piedmont Land Conservancy by a simple call to the Conservancy’s brokerage firm. Please contact:
Salomon Smith Barney, Inc.
Mary Boyd, Karen Ingram, or John Scott
300 N. Greene Street
Greensboro NC 27401
(336) 275-2881
Account number: 809-08978-1-3 DTC 0418
Once you have finalized the details of your securities gift with your advisor and Salomon Smith Barney, please call our office at 336-691-0088 so that we can verify that your gift has transferred to our account correctly.
Real Estate
The same tax advantages that apply to stocks and bonds also apply to real estate. You may give acreage, a farm, lot, house, commercial building, or any other kind of real estate held longer than six months and receive a charitable deduction for the full market value and also avoid capital gains taxes on the profit. Gifts of real estate are subject to approval by Piedmont Land Conservancy’s Board of Directors and certain restrictions may apply.
Life Insurance
By making an irrevocable assignment of an insurance policy to PLC, you receive an immediate income tax deduction equal to the cash surrender value of the policy or the total of premiums paid, whichever is less. If the policy is not fully paid up, you may continue to pay the premiums and receive tax deductions for the amount of the premiums.