Vermont Land Trust Inc.

“Bathalon farm, troy & westfield, vt, june 9, 2017 - the purposes of the bathalon farm conservation easement are to conserve productive agricultural and forestry lands to facilitate active and economically viable farm use of the property, as well as to conserve the scenic, natural resources and recreational opportunities associated with the property to improve the quality of life for vermonters and to maintain for the benefit of future generations the essential characteristics of the vermont countryside. The modification to the easement strengthened the protection of the agricultural, forestry and scenic values of the property by adding an option to purchase at agricultural value ("opav") to a portion of the originally conserved property. The opav clearly furthers the purposes of the easement by keeping the agricultural land affordable to farmers, as supported by vermont law and policy, which results in the land remaining in productive use and therefore as open farmland. The easement is co-held by vlt and the vermont housing and conservation board ("vhcb and together with vlt, the "co-holders"). The co-holders paid fair market value for the additional restrictions, the value of which was determined by an independent appraiser. Vlt and the landowner signed an updated baseline documentation report. Vhcb and the vlt board of trustees approved this modification to enhance the restrictions on the bathalon farm. Mile round woods, north bennington, vt, december 28, 2016 - furthered the conservation purposes of the easement by adding 4.786 acres of previously unprotected land to the easement. The additional restrictions were donated to the vermont land trust (vlt). Vlt and the landowner signed an updated baseline documentation report. The vlt board of trustees approved this modification. Huestis j&a, bridport, vt, october 4, 2016 - this corrective amendment fixed an error in the schedule a legal description which inadvertently omitted a reference to an excluded piece of property. The correction was approved by the board of trustees of vlt, the vermont housing and conservation board and the vermont agency of agriculture, food and markets, the two other co-holders of the easement, and the united states of america. Mcinstosh k&m, tinmouth, vt, 12/24/2016 - furthered the conservation purposes of the easement by adding 10 acres of previously unprotected land to the easement. The additional restrictions were donated to vlt and the vermont department of forests parks and recreation (fpr), the co-holders of the easement. Vlt and the landowner signed an updated baseline documentation report associated with the easement modification. Fpr and vlt's board of trustees approved the modification. Burgin, bridgewater, vt, may 22, 2017 - furthered the conservation purposes of the easement by adding 58 acres of previously unprotected land to the easement and including special protections for bat habitat on the original protected property. The additional restrictions were donated to vlt. Vlt and the landowner signed an updated baseline documentation report associated with the easement modification. Vlt's board of trustees approved the modification.”

“Easements acquired by the trust are perpetual conservation easements, each of which contains numerous restrictions over the use and development of land not owned by the trust. Since these easements have no marketable value and because the obligation to monitor and enforce easements constitute permanent organizational liabilities, they are not recorded as assets on the statement of financial position. All easements acquired by purchase are expensed as development rights in the statement of functional expenses.”

“Vermont land trust's endowments support a variety of uses including: - funding the land and conservation easement stewardship program - enforcing conservation easement violations - providing conservation project support - providing support for general land conservation operations”

“The trust is exempt from federal income taxes under internal revenue code section 501(c)(3). Contributions to the trust are deductible as allowed under section 170(b)(1)(a)vi) of the code. The trust adopted the accounting methods under fasb asc section 740-10 for uncertain tax positions (utp) on july 1, 2009. The utp rules prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in an organization's tax return. The trust believes that it has appropriate support for the tax positions taken and, as such, does not have any uncertain tax positions that might result in a material impact on the trust's statements of financial position, activities and changes in net assets and cash flows. The trust's federal tax returns are open for examination for the fiscal years june 30, 2014 through june 30, 2017.”

“Cost of timber harvest expense and depletion $74,828 cost of land sold $1,169,913 total $1,694,741”

“Cost of timber harvest expense and depletion $74,828 cost of land sold $1,619,913 total $1,694,741”