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:
“I see an America whose rivers and valleys and lakes, hills and streams and plains; the mountains over our land and natures wealth deep under the earth, are protected as the rightful heritage of all the people.”
—Franklin D. Roosevelt (18821945)
“Oh yet we trust that somehow good
Will be the final goal of ill,
To pangs of nature, sins of will,
Defects of doubt, and taints of blood;”
—Alfred Tennyson (18091892)
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