THE LAND TRUST
Living Water Is Corporation aims to use innovative long-term leases through a Land Trust to begin a Renewed Africa.
A Hypothetical Case
A Landlord in Africa wishes to donate his 25 acre farm land, which is not presently in use and has a value of $100,000. His trusted nephew in Canada or the United States was glad to accept the deed of this farm land on behalf of his UNCLE. The nephew wishes to support a non-profit company, Living Water MicroFinance Inc..
The Canadian or United States Government is doing its part by recognizing the charitable donation and reducing the nephew’s tax burden by 29%. This $29,000 tax credit was never earned, so the nephew will donate this money to Living Water MicroFinance Inc. for an additional tax credit of $8,400, which he can share with his UNCLE as a surprise gift. Since the nephew has literally done nothing to deserve any income, perhaps it should all go back to the UNCLE.
Living Water MicroFinance Inc. will use this $29,000 to further their mission on this particular piece of land.
• The landlord earns a LEGACY: his community will honor him for his generosity. The farm community will be named after him. Continue reading Living Water Land Trust 2