Lyric Hall in Rocky Hill
Donation Process
Preliminary Review

A prospective donor contacts the Trust to discuss whether a property would be eligible for a New Jersey Legacies donation. If Trust staff determines that the property is eligible, a representative of the Trust will tour the property with the owner to discuss prospective terms of the donation. Based on the site visit and those discussions, the Trust's Board of Trustees will decide whether to pursue the donation.

Mode of Donation

Once all parties have agreed to proceed with the donation of a property through New Jersey Legacies, the first step in the process is to determine the type of donation that will best fit the financial and personal needs of the donor.

Typically, the donor will determine whether to make

  • an outright donation,
  • a partial interest donation,
  • a donation retaining life use,
  • or a testamentary donation.

Donors should discuss specific cases with their legal or financial advisors.

Recording the Donor's Wishes

After a property has been accepted into the New Jersey Legacies program, the Historic Trust remains in close communication with the donors to discuss and document general wishes concerning the future of the property and its contents.

Preservation Plan

At the time the Historic Trust takes possession of the property, the New Jersey Historic Trust will develop a preservation plan for the property that may include documentation of the architectural, historic, archeological, and natural characteristics of the property as well as guidelines for future maintenance.

Preservation Easement

The preservation plan for the property is implemented through the preservation easement, which becomes part of the permanent chain of title of the property. All future owners are bound by the covenants and maintenance requirements contained in the preservation easement.

The Historic Trust will inspect the property annually to ensure that its terms are being upheld. Trust representatives also must review and approve any proposed alterations to the property to ensure that they are in compliance with the terms of the easement.

Private Ownership

Working together in cooperation with an approved real estate broker, the property will be marked to a buyer who understands the easement and is committed to caring for the property.

Use of Sale Proceeds

The balance of funds remaining after the easement endowment, planning, and closing costs will benefit the New Jersey Historic Trust's stewardship programs and special initiatives to encourage historic preservation projects.