SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
THE MONTANA LAND RELIANCE
 
Employer identification number

81-0369262
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a 985
b Total acreage restricted by conservation easements .................... 2b 1,319,747.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c 0
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d 0
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow13
4
Number of states where property subject to conservation easement is located right arrow1
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow12932.00
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $ 631,407
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2022
Page 2

Schedule D (Form 990) 2022
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 1 1 1    
b Contributions ... 0        
c Net investment earnings, gains, and losses 0        
d Grants or scholarships ... 0        
e Other expenditures for facilities
and programs ...
0        
f Administrative expenses .... 0        
g End of year balance ...... 1 1 1    
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow100.000 %
b
Permanent endowment right arrow  
c
Term endowment right arrow  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
No
(ii) Related organizations .................
3a(ii)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment)
(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   354,906 354,906
b Buildings ....        
c Leasehold improvements   15,000 10,583 4,417
d Equipment ....   319,404 141,004 178,400
e Other .....   631,893   631,893
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 1,169,616
Schedule D (Form 990) 2022
Page 3

Schedule D (Form 990) 2022
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)
(b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2022
Page 4

Schedule D (Form 990) 2022
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 38,952,046
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 1,065,145
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e 1,065,145
3 Subtract line 2e from line 1.................. 3 37,886,901
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 37,886,901
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 17,659,737
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 17,659,737
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 17,659,737
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART II, LINE 3: OF THE TOTAL 985 CONSERVATION EASEMENTS HELD BY MLR AT THE END OF 2023, THIRTEEN (13) EASEMENT DOCUMENTS WERE MODIFIED (1.3%). THE THIRTEEN (13) MODIFICATIONS CONSISTED OF NINE (9) "SAFE HARBOR" AMENDMENTS TO DEEDS OF CONSERVATION EASEMENT THAT ADDED THE IRS'S SAFE HARBOR PROVISIONS ISSUED BY NOTICE 2023-30 ON APRIL 24, 2023, AS DIRECTED BY THE UNITED STATES CONGRESS IN THE SECURE 2.0 ACT, SECTION 605(D)(1). THE REMAINING FOUR (4) MODIFICATIONS CONSIST OF TWO (2) RESTATEMENTS AND AMENDMENTS TO ENHANCE CONSERVATION BY CONSOLIDATING AND LIMITING DEVELOPMENT AND TO EXERCISE RESERVED RIGHTS; ONE (1) RESTATEMENT OF CONSERVATION EASEMENT TO INCLUDE ADDITIONAL ACREAGE TO THE ORIGINAL EASEMENT; AND ONE (1) CORRECTION TO DEED OF CONSERVATION EASEMENT FILED TO CORRECT A SCRIVENER'S ERROR. ALL 13 (13) OF THE EASEMENT MODIFICATIONS SECURED THE LANDOWNER'S RATIFICATION OF THE TERMS AND CONDITIONS OF THE CONSERVATION VALUES AND PURPOSES OF THE ORIGINAL EASEMENTS. AS AN ACCREDITED LAND TRUST, MLR FOLLOWS A RIGOROUS CONSERVATION EASEMENT AMENDMENT POLICY TO ENSURE PERPETUAL PROTECTION OF THE CONSERVATION VALUES AND AVOID CONFERRAL OF PRIVATE BENEFIT AND INUREMENT, ALL IN ACCORDANCE WITH NATIONAL STANDARDS AND PRACTICES AS RECOMMENDED BY THE LAND TRUST ALLIANCE. SMILING MOOSE RANCH I (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 29, 1994, AS DOCUMENT NO. 049532, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 1,105-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210422, RECORDS OF MADISON COUNTY, MONTANA. SMILING MOOSE RANCH II (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 1996, AS DOCUMENT NO. 059587, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 113-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210423, RECORDS OF MADISON COUNTY, MONTANA. RIVER HOUSE (JANURA) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 2013, AS DOCUMENT NO. 154145, RECORDS OF MADISON COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 23-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210424, RECORDS OF MADISON COUNTY, MONTANA. RAINBOW LAKE LODGE (JANURA) SAFE HARBOR AMENDMENT (MADISON AND BEAVERHEAD COUNTIES): THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 26, 2013, AS DOCUMENT NO. 154144, RECORDS OF MADISON COUNTY, MONTANA, AND ON DECEMBER 24, 2013, AS DOCUMENT NO. 280709, RECORDS OF BEAVERHEAD COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 636-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 13, 2023, AS DOCUMENT NO. 210425, RECORDS OF MADISON COUNTY, MONTANA, AND ON JULY 13, 2023, AS DOCUMENT NO. 306397, RECORDS OF BEAVERHEAD COUNTY, MONTANA. MYTTON SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 22, 2006, AS DOCUMENT NO. 329476, RECORDS OF STILLWATER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 1,991-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 18, 2023, AS DOCUMENT NO. 390127, RECORDS OF STILLWATER COUNTY, MONTANA. HERMAN II SAFE HARBOR AMENDMENT (MADISON AND GALLATIN COUNTIES): THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 12, 2022, AS DOCUMENT NO. 207721, RECORDS OF MADISON COUNTY, MONTANA, AND AS DOCUMENT NO. 2792430, RECORDS OF GALLATIN COUNTY. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 4,951-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JUNE 16, 2023, AS DOCUMENT NO. 210125, RECORDS OF MADISON COUNTY, MONTANA, AND AS DOCUMENT NO. 2803336, RECORDS OF GALLATIN COUNTY, MONTANA. HERMAN I SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 28, 2000, AS DOCUMENT NO. BOOK 77D, PAGE 890, RECORDS OF SWEET GRASS COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 855-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JUNE 28, 2023, AS DOCUMENT NO. 164547, RECORDS OF SWEET GRASS COUNTY, MONTANA. COLLINS II SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 23, 2020, AS DOCUMENT NO. 202000043353, RECORDS OF FLATHEAD COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 672-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 18, 2023, AS DOCUMENT NO. 202300010808, RECORDS OF STILLWATER COUNTY, MONTANA. BERG (RICK) SAFE HARBOR AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 22, 2006, AS DOCUMENT NO. 134416, RECORDS OF MEAGHER COUNTY, MONTANA. TO FURTHER CONSERVE AND PROTECT THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 6,912-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO INCLUDE A SAFE HARBOR PROVISION ISSUED BY THE IRS IN NOTICE 23-30. UNTIL JULY 24, 2023, NOTICE 23-30 PERMITTED DONORS OF CONSERVATION EASEMENTS TO AMEND TO INCLUDE THIS SAFE HARBOR PROVISION. THE AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON JULY 14, 2023, AS DOCUMENT NO. 149785, RECORDS OF MEAGHER COUNTY, MONTANA. COBB-GEARY RESTATEMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 20, 1994, AS DOCUMENT NO. 049383, RECORDS OF MADISON COUNTY, MONTANA. SINCE THAT TIME, THE LANDOWNER ACQUIRED ADJOINING PROPERTY THAT THEY REQUESTED BE INCORPORATED INTO THE EXISTING EASEMENT, FOR A TOTAL OF 187 ACRES. THE RESTATED CONSERVATION EASEMENT ALSO GENERALLY CLARIFIED THE EASEMENT LANGUAGE AND BROUGHT THE RESOURCE DOCUMENTATION UP TO MODERN STANDARDS. THE RESTATEMENT OF DEED OF CONSERVATION EASEMENT AND GRANT DEED OF CONSERVATION EASEMENT ON ADDITIONAL LANDS WAS RECORDED ON DECEMBER 15, 2023, AS DOCUMENT NO. 212895, RECORDS OF MADISON COUNTY, MONTANA. DRY COTTONWOOD CREEK RATIFICATION AND AMENDMENT: THIS EASEMENT WAS ORIGINALLY RECORDED ON DECEMBER 27, 2019, AS DOCUMENT NO. 206522, RECORDS OF ANACONDA-DEER LODGE COUNTY, MONTANA. TO FURTHER ENHANCE, PROTECT, AND PRESERVE THE NATURAL HABITAT AND SCENIC AND OPEN SPACE VALUES OF THIS 3,396-ACRE PROPERTY, THE LANDOWNER AND THE GRANTEE AMENDED THE EASEMENT TO CONSOLIDATE DEVELOPMENT OF THE PROPERTY, TO PERMANENTLY EXERCISE AND EXHAUST THE RESERVED RIGHT OF THE GRANTOR TO SITE THE LAST REMAINING ALLOWED BUILDING ENVELOPE, AND TO FURTHER LIMIT THE LOCATION AND BOUNDARIES OF THE ONE ALLOWED RESIDENCE. THIS AMENDMENT WILL REDUCE THE OVERALL RESIDENTIAL FOOTPRINT AND LIMIT FUTURE DEVELOPMENT ON THE PROPERTY, THEREBY FURTHER ENHANCING THE
PART II, LINE 5: THE MONTANA LAND RELIANCE (MLR) HAS A MONITORING POLICY. THE MLR STEWARDSHIP STAFF MONITORS EACH AND EVERY PROPERTY ON WHICH MLR HOLDS A CONSERVATION EASEMENT. THIS MONITORING INCLUDES A VISIT TO THE SUBJECT PROPERTY AND DISCUSSIONS WITH THE LANDOWNERS/MANAGERS. THE STEWARDSHIP STAFF ALSO WORKS WITH EXISTING EASEMENT HOLDERS TO SUPPLY NATURAL RESOURCE INFORMATION AND CONTACTS FOR THE LANDOWNER TO IMPROVE THEIR LAND HOLDINGS FOR CONSERVATION PURPOSES. STEWARDSHIP STAFF ALSO WORKS WITH LEGAL COUNSEL IN REGARD TO POTENTIAL ISSUES THAT ARISE REGARDING INTERPRETATION OR ENFORCEMENT OF CONSERVATION EASEMENTS HELD BY MLR. MLR IS IN THE PROCESS OF DIGITIZING ALL OF THE EASEMENT PROJECT FILES FOR THE EASEMENTS THAT HAVE BEEN COMPLETED AND ARE OF RECORD - SCANNING OF THIS DOCUMENTATION WILL ENHANCE STAFF'S ABILITY TO WORK EFFICIENTLY WITH EASEMENT HOLDERS ACROSS THE STATE.
PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED BY MLR AS IN-KIND DONATIONS WITH A VALUE OF $1 EACH. BY A RESOLUTION OF THE BOARD OF DIRECTORS, MLR VALUES ALL CONSERVATION EASEMENTS HELD AT A NOMINAL AMOUNT OF $1 DUE TO THE FACT THAT SAID EASEMENTS CANNOT BE SOLD, TRANSFERRED, OR BORROWED AGAINST. EXPENSES INCURRED IN "BARGAIN" PURCHASES OF EASEMENTS AND OTHER IN-HOUSE EXPENSES RELATED TO COMPLETION OF CONSERVATION EASEMENTS ARE EXPENSED OUT IN THE YEAR OF THE PURCHASE AND/OR DONATION. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE USED IN MLR'S ANNUAL AUDITED FINANCIAL STATEMENTS: "MLR HAS ACQUIRED CONSERVATION EASEMENTS FROM VARIOUS CONTRIBUTORS. CONSERVATION EASEMENTS REPRESENT RIGHTS TO RESTRICT USE OF CERTAIN PROPERTIES. BY ACCEPTING THE EASEMENT CONTRIBUTION, MLR COMMITS TO PROTECTING THE EASEMENT RESTRICTIONS IN PERPETUITY. THE EASEMENTS HAVE NO MARKET VALUE IN THE HANDS OF MLR. MLR CAN ASSIGN THE EASEMENTS ONLY TO ANOTHER QUALIFIED CONSERVATION ORGANIZATION. ACCORDINGLY, THEY ARE REPRESENTED IN THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF ONE DOLLAR PER EASEMENT. PURCHASED EASEMENTS ARE EXPENSED."
PART V, LINE 4: THE MONTANA LAND RELIANCE FOUNDATION, INC., WAS ESTABLISHED TO HOLD ASSETS IN SUPPORT OF THE MONTANA LAND RELIANCE (MLR) AS A RELATED 509(A)(3) SUPPORT ORGANIZATION. ONE OF THE FUNDS THAT IS CURRENTLY HELD BY AND OVERSEEN BY THE FOUNDATION IS THE CONSERVATION FUND, WHICH HAS TWO SUBFUNDS, THE "GENERAL CONSERVATION FUND AND THE "LEGACY FUND." THE CONSERVATION FUND IS AN ENDOWMENT FUND. GENERAL CONSERVATION FUND: THE GENERAL CONSERVATION FUND PROVIDES A SOURCE OF REVENUE TO MLR FOR OUTREACH TO LANDOWNERS FOR LAND CONSERVATION PROJECTS, AND RESEARCH, PUBLIC OUTREACH, AND EDUCATION ON PRIVATE LAND CONSERVATION. THE PRESENT VALUE OF ANY CONTRIBUTIONS TO THE FUND IS NOT EXPENDED AS REQUIRED BY MONTANA ADMINISTRATIVE RULE 42.15.507(6) AND ANY SUCCESSOR PROVISION. THE CORPUS MAY NOT BE USED. ANY GRANT REQUEST TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS. LEGACY FUND: THE LEGACY FUND PROVIDES A STEADY SOURCE OF REVENUE TO MLR FOR BRIDGE CAPITAL FOR PROPERTY ACQUISITIONS, FOR OPTION PURCHASES FOR ALL OR A PORTION OF A THREATENED PROPERTY TO BE RESOLD TO A CONSERVATION BUYER, OR FOR CONSERVATION EASEMENT PURCHASES. THE CORPUS OF THE FUND MAY NOT BE USED. ANY GRANT REQUESTS TO THE FOUNDATION FROM MLR MUST BE AUTHORIZED BY THE FOUNDATION'S BOARD OF DIRECTORS.
SCHEDULE D, PART II, LINE 3 - CONTINUED CONSERVATION VALUES PROTECTED BY THE EASEMENT. THE AMENDMENT WAS APPROVED BY ALL PARTIES TO THE ORIGINAL EASEMENT, INCLUDING THE STATE OF MONTANA, BY AND THROUGH THE NATURAL RESOURCE DAMAGE PROGRAM, AND THE MONTANA DEPARTMENT OF FISH, WILDLIFE, AND PARKS. THE RATIFICATION AND AMENDMENT OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON AUGUST 29, 2023, AS DOCUMENT NO. 216465, RECORDS OF ANACONDA-DEER LODGE COUNTY, MONTANA. SCHWAB (SOUTH FORTH) AMENDMENT: THE ORIGINAL DEED OF CONSERVATION EASEMENT ON THIS APPROXIMATELY 1,581 ACRES PROPERTY WAS RECORDED ON DECEMBER 28, 2006, AS DOCUMENT NO. 2252316, RECORDS OF GALLATIN COUNTY, MONTANA. PURSUANT TO AN APPLICABLE PUD ORDER, THE EASEMENT ALLOWED FOR TEN "HOME SITES" TO BE LOCATED WITHIN THE EXTERIOR BOUNDARIES OF TRACTS INCLUDED IN THE EASEMENT PROPERTY, BUT EXCLUDED FROM THE PROPERTY, AND THEREFORE THE EASEMENT'S PURPOSE WAS TO PROTECT THE CONSERVATION VALUES ON THE PROPERTY SURROUNDING THOSE HOME SITES. GRANTOR RETAINED THE RIGHT TO RELOCATE EACH HOME SITE WITHIN A LIMITED, PREDEFINED AREA UNDER CERTAIN CONDITIONS. THESE CONDITIONS INCLUDED OBTAINING EXPRESS WRITTEN APPROVAL OF GALLATIN COUNTY PLANNING AUTHORITIES; ENSURING THE RELOCATED AREA DOES NOT EXCEED APPLICABLE ACREAGE LIMITATIONS; ENSURING THE AREAS NO LONGER WITHIN THE HOME SITE AFTER RELOCATION ARE ADDED TO THE LEGAL DESCRIPTION OF THE PROPERTY PROTECTED BY THE EASEMENT, SO THAT THERE IS NO NET LOSS IN ACREAGE; AND PROVIDING GRANTEE WITH COPIES OF A REVISED AND RECORDED CERTIFICATE OF SURVEY DESCRIBING THE RELOCATED HOME SITE AND THE NEW LEGAL DESCRIPTION OF THE PROPERTY. THE EASEMENT PROVIDED THAT GRANTOR AND GRANTEE SHALL AMEND EXHIBIT A TO REFLECT THE CHANGED LEGAL DESCRIPTION OF THE PROPERTY THAT IS SUBJECT TO THE EASEMENT AND AMEND EXHIBIT D TO REFLECT THE REVISED LOCATION OF THE PERMITTED HOME SITE, UPON SATISFACTION OF THE CONDITIONS ABOVE, WHICH WERE MET BY GRANTOR. ACCORDINGLY, THIS FIRST AMENDMENT OF DEED OF CONSERVATION EASEMENT REFLECTING THE CHANGED LEGAL DESCRIPTION AND EXHIBIT D WAS RECORDED IN THE PUBLIC RECORDS OF GALLATIN COUNTY, MONTANA, ON DECEMBER 11, 2023, AS DOCUMENT NO. 2816714. RANGE CORRECTION: THIS 159-ACRE PROPERTY WAS PROTECTED BY DEED OF CONSERVATION EASEMENT RECORDED ON DECEMBER 12, 1994, AS DOCUMENT NO. 527585, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA. AFTER THE EASEMENT WAS GRANTED, THE PARTIES DISCOVERED AN INADVERTENT ERROR IN THE LEGAL DESCRIPTION, WHICH MISTAKENLY INCLUDED CERTAIN REAL PROPERTY LYING WEST OF INTERSTATE 15 NOT INTENDED TO BE MADE SUBJECT TO THE CONSERVATION EASEMENT. THE PARTIES MUTUALLY AGREED TO CORRECT THE ERROR TO CLARIFY THE LEGAL DESCRIPTION TO MATCH THE INTENTIONS AND EXPECTATIONS OF BOTH PARTIES AT THE TIME THAT THE EASEMENT WAS ORIGINALLY RECORDED. THIS CORRECTION OF DEED OF CONSERVATION EASEMENT WAS RECORDED ON APRIL 20, 2023, AS DOCUMENT NO. 3410345, RECORDS OF LEWIS AND CLARK COUNTY, MONTANA.
Schedule D (Form 990) 2022


Additional Data


Software ID:  
Software Version: