Southern Appalachian Highlands Conservancy

“SAHC has a conservation easement monitoring & enforcement policy thats been adopted based on guidelines set forth by the Land Trust Alliance through its accredidation process. Monitoring is performed by a Land Stewardship Coordinator. SAHC has enforcement capability & maintains a legal defense fund.”

“SAHC's policy related to reporting of conservation easements as stated in the audit report is as follows: Easements received by donation are not recognized in assets or in income, and easements purchased are expensed.”

“To generate income for conservation easement stewardship, land acquisition and other conservation purposes consistent with the purpose and terms of each endowment fund.”

“SAHC is exempt from Federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

“Event Expense $4,188, Rental Expense $6,420”

“Event Expense $4,188, Rental Expense $6,420”

“1. An amendment to a conservation easement in buncombe co, nc, reduces allowed subdivisions from 4 to 1, strengthening protection of conservation values. It updates conservation easement language to current standards, strengthening the holder's ability to enforce the conservation easement. It clarifies landowner's reserved rights within buildable area and for non-commercial forest management. 2. A release to a conservation easement in carter co, tn corrects the original conservation easement legal description, which mistakenly included fourteen 1-acre residential lots that were always intended to be excluded from the conservation easement. The landowners did not include the fourteen residential lots in the acreage for which they requested a tax deduction on the irs form 8283. They only included the acreage outside the lots (149 acres), evidencing the intention that the fourteen lots should have not been included in the legal description of the property. The amendment also subordinates the conservation easement to a declaration of covenants and restrictions regarding utilities, recorded before the conservation easement which allows utilities to serve the residential lots to pass through the conservation easement property.”