GOCO: Conservation Easement Transaction Costs Grants

Great Outdoors Colorado


Grant amount: US $20,000 - US $50,000

Next anticipated deadline: Feb 16, 2019 (Pre proposal)

Later anticipated deadlines: Mar 2, 2019 (Full proposal)

Applicant type: Government Entity Nonprofit

Funding uses: Education / Outreach, Applied Project / Program

Location of project: Colorado

Location of residency: Colorado

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Overview:

While many conservation projects are completed in Colorado without GOCO assistance, the closing costs associated with conserving a property – which often can range from $20,000 to $50,000 – can be a financial barrier to landowners wishing to preserve their property. These costs include those associated with appraisals, filing fees, stewardship and other necessities. Even when the landowner is eligible to receive the benefit of the state tax credit, the financial costs may outweigh the benefits to the landowner. As a result, valuable lands remain vulnerable when they could have been preserved but for the lack of funds to cover transaction costs.

The Transactions Costs Grant Program helps facilitate land conservation projects with donated conservation easements that would not otherwise go through in the face of prohibitive transaction costs for the landowner. This unique use of GOCO funds is intended to leverage lottery funds to expand the amount of land preserved statewide. The program will target projects that include priorities identified in GOCO’s strategic plan, such as the continuation of landscape-scale conservation and conservation on properties along riparian corridors, among others. Grants are capped at $50,000 per property.

All GOCO grants are reimbursement grants, meaning funds will not be distributed until closing. However, GOCO recognizes some grantees that will be awarded a transaction cost grant will need funding to reach closing, and GOCO is coordinating with Colorado Open Lands to ensure maximum program success.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • Non-profit land-conservation organizations, municipalities, counties, political subdivisions of the state and the Colorado Division of Parks and Wildlife are eligible for transaction costs grants.
  • To be eligible for GOCO’s Transaction Costs grant program, the two following criteria must be met:
    • The conservation easement must be 100% donated
    • Landowner Need: The landowner and land trust must assert that the landowner had an average adjusted gross income (AGI) of $900,000 or less over the last three years. (This number is based on the NRCS limit for conservation easement purchase assistance.) 


About this funder:

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