New Insurance Group to Help Land Trusts With Legal Costs - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: A new insurance company designed to help land-conservation trusts with the legal costs of fighting property owners who defy land-use restrictions has won approval for nonprofit status from the Internal Revenue Service, according to The New York Times.
The company, Terra Firma, was started by national Land Trust Alliance to combat a problem that the nation’s estimated 1,700 land trusts increasingly face. The legal costs of fighting improper land use can damage the mostly volunteer-run organizations, say leaders of those groups.
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