We are introducing a small series of tidbits to tell you more about who we are, and what’s involved for SKLT to protect and steward South Kingstown Land. Check back for additional snippets. We hope you enjoy the bit of light reading over the coming weeks!
Snippet #1: Land Trust Fundamentals
Sometimes we’re asked if SKLT is part of town government or funded by the town, and the answer to both of those questions is no. SKLT is a private non-profit 501(c)3 corporation, recognized by the IRS as a charitable organization. Gifts to SKLT are fully deductible as allowed by law – whether cash, securities, or land.
SKLT has applied to the Town’s Open Space Bond program from time to time for funding to complete land protection projects, such as the Alewife Brook Preserve (soon to be opened with public trails) and the Whaley Farm project. SKLT retains none of the funds from a Town grant. Instead, these funds go towards the fees for necessary documentation such as an appraisal or survey as well as the cost of the land itself.
In 2016, SKLT successfully became an ACCREDITED land trust, after a very rigorous process with the national Land Trust Accreditation Commission, based in Saratoga Springs NY. This designation is a mark of distinction, and highly regarded by funding agencies as well as donors and members.