2008 Instructions For Schedule D (Form 990) (Page 2 of 5) in pdf

National Register of Historic Places as

owner, or in any way rendered void and

the building that is inconsistent with the

well as any building certified as being of

unenforceable.

historical character of such exterior.

historic significance to a registered

Line 4. A qualified organization must

Section 170(c)(4)(B)(ii) requires the

historic district. See section

have a commitment to protect the

donor and donee to enter into a written

170(h)(4)(B) for special rules that apply

conservation purposes of the

agreement certifying, among other

to contributions made after August 17,

easement, and have the resources to

things, that the donee organization has

2006.

enforce the restrictions. Enter the total

the resources to manage the historic

Line 1. Check the box for the purpose

number of states where property is

preservation property and a

or purposes for which the organization

located and subject to a conservation

commitment to do so.

held the easement(s) during the tax

easement held by the organization

Line 9. Enter on Part XIV a description

year. Check all that apply.

during the tax year.

of how the organization reports

Line 2. Provide an answer for each

Line 5. Report whether the

conservation easements in its revenue

item.

organization has a written policy or

and expense statement, and on its

Line 2a. Enter the number of

balance sheet. Include in Part XIV, if

policies regarding how the organization

conservation easements held by the

applicable, the text of the footnote to

will monitor, inspect, respond to

organization at the end of the tax year.

violations, and enforce conservation

the organization’s financial statements

This should not be an estimate or a

easements. If “Yes,” briefly summarize

that describes the organization’s

rounded number.

accounting for conservation easements

such policy or policies in Part XIV. Also,

and the basis for its reporting position

Line 2b. Enter the total acreage

indicate whether such policy or policies

restricted by conservation easements

are reflected in the organization’s

(for example, FASB EITF 02-7,

held by the organization at the end of

easement documents. Monitoring

Example 1).

the tax year. Compute the total acreage

means the organization investigates the

Part III. Organizations

by adding together all the acres of land

use or condition of the real property

subject to all the easements held as of

restricted by the easement to determine

Maintaining Collections

the end of the tax year. Do not include

if the property owner is adhering to the

conservation easements on certified

restrictions imposed by the terms of the

of Art, Historical

historic structures. Acreage may be

easement to ensure the conservation

Treasures, or Other

expressed in decimal points for

purpose of the easement is being

properties subject to easements where

achieved. Inspection means an onsite

Similar Assets

the acreage consists of less than whole

visit to observe the property to carry out

numbers. For example, two and

a monitoring purpose. Enforcement of

Complete Part III if the organization

one-half acres may be expressed as

an easement means action taken by

answered “Yes” to Form 990, Part IV,

2.5 acres.

the organization after it discovers a

line 8.

violation to compel a property owner to

Line 2c. Enter the number of

Organizations that receive

adhere to the terms of the conservation

conservation easements on certified

contributions of works of art,

easement. Such activities may include

historic structures held by the

historical treasures, and similar

communications with the property

organization at the end of the tax year.

assets that do not maintain collections

owner explaining his or her obligations

Line 2d. Enter the number of

as described in SFAS 116 are not

with respect to the easement,

conservation easements included in the

required to complete Part III.

arbitration, or litigation.

answer to line 2c that the organization

For lines 1 and 2, refer to SFAS 116

acquired after August 17, 2006.

Line 6. Enter the total number of

for meanings of the various terms.

hours devoted during the tax year to

Line 3. In general, a grant of a

Lines 1 – 2. Pursuant to SFAS 116,

monitoring, inspecting, and enforcing

conservation easement to a qualified

certain organizations may choose one

easements, as those terms are defined

organization is required to be made in

of two methods to report collections of

in the instruction for line 5, above.

perpetuity. Enter the total number of

works of art, historical treasures, or

Include the hours devoted to this

conservation easements held by the

other similar assets held for public

purpose by any of the organization’s

organization that were modified,

exhibition, education, or research in

paid or unpaid staff and by any of the

transferred, released, extinguished, or

furtherance of public service. An

organization’s agents or contractors.

terminated during the tax year. For

organization that does not recognize

example, if two easements were

Line 7. Enter the total amount of

and capitalize its collections for

modified and one easement was

expenses incurred by the organization

financial statement purposes will report

terminated during the tax year, enter

during the tax year to monitor, inspect,

its collections on the face of its

the number 3. For each easement

and enforce the easements it held

statement of activities, separately from

modified, transferred, released,

during the year as those terms are

revenues, expenses, gains, losses, and

extinguished, or terminated, explain the

defined in the instruction for line 5,

assets. An organization that recognizes

changes in Part XIV. An easement is

above.

and capitalizes its collections for

modified when the terms of easement

Line 8. Answer “Yes” if each of the

financial statement purposes will report

are amended. For example, if the deed

organization’s fa¸ c ade easements

its collections as assets and revenues

of easement is amended to increase or

acquired after August 17, 2006,

based upon its fair value measurement.

decrease the amount of land subject to

satisfies the requirements of both

Line 1 pertains to collection items held

the easement or to add or remove

section 170(c)(4)(B)(i) and section

by the organization in furtherance of

restrictions regarding the use of the

170(c)(4)(B)(ii) of the Code.

public service, and line 2 pertains to

property subject to the easement, the

collection items held by the

easement is modified. An easement is

Section 170(c)(4)(B)(i) requires each

organization for financial gain, as those

transferred when the organization

fa¸ c ade easement donated after August

terms are described in SFAS 116.

assigns the deed of easement whether

17, 2006, to include a restriction that

with or without consideration. An

preserves the entire exterior of the

Line 1a. If an organization has

easement is released or terminated

building, including the front, sides, rear,

elected not to capitalize its collections,

when it is condemned, extinguished by

and height of the building, and to

then provide in Part XIV the footnote(s)

court order, transferred to the land

prohibit any change in the exterior of

to the organization’s financial

-2-

2008 Instructions For Schedule D (Form 990) Page 2

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