Policy 3.2.3 Acquisition and Management of Land

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ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
ISLANDS TRUST CONSERVANCY 
BOARD POLICY 
 
 
 
 
Policy number: 3.2.3 
 
Title:  Acquisition and Management of Land 
 
Approved By:  Islands Trust Conservancy Board 
 
  Date:  Jan. 23, 2014 Resolution #:  TFB-2014-005 
 
Revised  Date:  Mar. 19, 2024 Resolution #:   ITC-2024-011 
 
PURPOSE 
To describe how the Islands Trust Conservancy Board acquires land, through donation, transfer, lease or 
purchase, and to describe the standards for management of Islands Trust Conservancy properties. 
SCOPE 
This Policy does not apply to acquisitions of land with little or no ecological value that are acquired for the 
purposes of resale. 
BACKGROUND 
The Islands  Trust  Act establishes the Islands  Trust  Conservancy to  acquire,  hold  and  manage  land  and 
receive donations  for  the  purpose  of  carrying  out  the  object  of  the  Islands  Trust. The Islands  Trust 
Conservancy primarily  acquires land with significant ecological  value for  the  purpose  of  establishing 
Nature Reserves
1
; however, it may acquire land with little or no ecological value in order to resell the land 
to raise funds for protecting land with significant ecological value. 
 
 
1
 An Islands Trust Conservancy Nature Reserve is an area that has been set aside because it has regionally significant natural 
ecosystems (landscape units with little or no human development) and may contain nationally and provincially identified 
ecosystems and species that are considered endangered, threatened or of special concern. 
 
The primary purpose of a Nature Reserve is the preservation and protection of the natural ecosystem. The size of a Nature 
Reserve should be sufficient to ensure that these ecosystems remain viable over the long term. 
 
Activities permitted on a nature reserve will have minimal impact on the land and in general will only include hiking and only in 
areas that are considered not sensitive to this activity.  The location and extent of hiking trails will be determined through the 
management plan process. 

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ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
Board management of Nature Reserves under its care includes the development and implementation of 
a management plan, annual monitoring, and in some cases, enlisting the assistance of a local management 
group. 
A: Policy - Acquisition 
1. The Board  will  consider each land acquisition proposal according  to ITC Policy 2.2 Assessing 
Conservation Proposals. 
2. The Board will normally only consider the acquisition of land that meets the Islands Trust Conservancy 
Board’s definition of “Nature Reserve”. 
3. The Board primarily acquires land  through  donation.  The  Board will  issue  a  charitable  receipt  for 
donated land, based on an appraisal of the donated property. The donor must provide an appraisal 
(at his or her cost) undertaken by an individual accredited in real estate appraisal in Canada, and who 
is independent from both the donor and the Islands T

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