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Updated about 16 years ago on . Most recent reply

User Stats

33
Posts
8
Votes
Nick Connor
  • Real Estate Investor
  • Grand Rapids, MI
8
Votes |
33
Posts

Land Donation

Nick Connor
  • Real Estate Investor
  • Grand Rapids, MI
Posted

Has anyone ever donated land to a charitable organization before via 501(c)(3)? I recently bought a piece of property that is located behind my rental property for 8K with the idea of possible building a four plex on or making carports and charging tenants to use.

The property is long and narrow and is sorrounded by housing on three sides, like the middle of a "U". Someone in the n'hood asked if I'd be interested in donating it to a local university to teach people in the community to grow their own food. iIt would be used as a communtiy garden.

They had also mentioned something about obtaining a property via community land trust?

Anyone have feedback in regards to this? All help is appreciated...

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