IRS Approves Non-profit Status for Insurance Company That Fights Improper Land Use

The IRS has approved non-profit status for a new insurance company that is designed to help land-conservation trusts with the legal costs of fighting property owners who ignore land-use restrictions.

The national Land Trust Alliance created the company, Terra Firma, to help fight improper land use. So far, the alliance has raised $3 million of the $4 million that Terra Firma needs to take off.

See New Insurance Group to Help Land Trusts With Legal Costs, Chronicle of Philanthropy, May 21, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.