Top of PageQ: What does the process cost? Would the recipient and donor save money by not going through the ecogift process?
There are costs common to nearly all donations: legal representation for the donor and the recipient, land transfer and registry fees, land surveys and legal fees for creating agreements, deeds and other legal documents. Additionally, it is always advisable that the donor seek independent legal and financial advice. There is also a cost in terms of recipient staff and volunteer time. Costs vary – from several hundred to a few thousand dollars for legal help to a thousand dollars and up for a land survey. In terms of an ecogift, the certification process may require more recipient staff or volunteer time. And, for an ecological gift an appraisal of the fair market value of the donation is required – for most donations a full narrative report from an AACI (Accredited Appraiser Canadian Institute) appraiser is required at a cost generally ranging from $1,000 to $3,000. However, it should be noted that many recipients already consider it to be standard good practice to require full AACI ap
