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:

    “The great fact in life, the always possible escape from dullness, was the lake. The sun rose out of it, the day began there; it was like an open door that nobody could shut. The land and all its dreariness could never close in on you. You had only to look at the lake, and you knew you would soon be free.”
    —Willa Cather (1873–1947)

    “Sometimes I think we’re the only two lawyers in Washington who trust each other.”
    —Elizabeth Dole (b. 1936)