New Jersey Legacies helps New Jersey owners of historic homes to safeguard their property for future generations, reduce estate taxes, and potentially realize immediate tax benefits by making a charitable donation of their property.
The program, which is modeled after the National Trust for Historic Preservation's Gifts of Heritage program, generates revenues that help the New Jersey Historic Trust carry out its mission to protect historic places throughout the Garden State.
A historic property donated through New Jersey Legacies is protected by a preservation easement, a permanent legal restriction, which ensures that the historic features of the property remain intact. The property is then sold to an owner who will continue to care for the property. Proceeds from the sales benefit the programs of the New Jersey Historic Trust.