Land Conservation

LPLC conserves land primarily through the donation or purchase of conservation easements or the donation or purchase of fee lands.

Fee Lands

LPLC acquires land in fee by one of three methods 1) purchase at full fair market value (FMV) from a willing seller 2) purchase via bargain sale from a willing seller or by 3) donation of gift.

LPLC may retain ownership of a property and manage it as a private preserve, or in some instances, transfer land it acquires in fee to either the New York State Department of Environmental Conservation (DEC) for inclusion into the Adirondack forest preserve or to other entities such as municipalities.

Conservation Easements

The Lake Placid Land Conservancy (LPLC) utilizes current Internal Revenue Service (IRS) tax deductibility requirements for donations of conservation easements to evaluate a property’s potential for development of a conservation easement. Read more about conservation easements.

Under IRS regulations §1.170 A-14, the IRS allows for federal tax deductions for donations of conservation easements in following four resource categories:

  1. Public recreation and or education
  2. Significant natural habitat
  3. Open space for scenic enjoyment or pursuant to local governmental policy
  4. Historic Preservation

In support of its mission, LPLC focuses primarily on the development of conservation easements that protect significant natural habitat and/ or protect open space, including agricultural and forest lands. LPLC will consider donations of conservation easements for public recreation or education on a case by case basis.

Donations of conservation easements by landowners not seeking a federal tax deduction will still need to meet New York State requirements for conservation easements under Environmental Conservation Law (ECL) Article 49(3) and will be evaluated on a case by case basis.