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Updated September, 2007
Thank you for your interest in preserving the Valley Floor.
We have successfully raised the $24.5 million in private funding needed
to match the $25.5 million in public funding provided by the Town
of Telluride. $50 million plus interest paid by the Town's Open Space
fund was deposited with the court to honor the valuation award on
May 9, 2007.
VFPP has established a Valley Floor Preservation Fund for all future
donations. The money contributed to this fund will be applied towards
future restoration projects and maintenance.
DONATION OPTIONS
VFPP is a 501(c)(3)
public charitable organization. Donations to VFPP are tax deductible.
VFPP is able to accept contributions in the following forms:
• Cash
• Credit Card or Paypal Payments
• Personal, Corporate or Cashier’s checks
• Marketable Securities
Download the Escrow Agreement
Donations of up to $500 will be considered unrestricted
and immediately tax deductible. You will receive a letter acknowledging
your contribution.
Donors of $500 or more may sign a Conditional
Contribution Agreement, allowing VFPP to return restricted funds
if the Colorado Supreme Court reverses the District Courts decision
to allow the town to condemn the Valley Floor. Funds so restricted
will not be treated or acknowledged as gifts until the ultimate resolution
of appeals and final acquisition. Click on the link above for a printable
version of the Agreement.
Gifts of $500 or more may be either unrestricted or restricted as
per the discretion of the donor.
Unrestricted gifts will be treated as described above.
Restricted gifts may be treated in one of two ways:
1. Donors transferring restricted funds to VFPP may elect to have
their donation recognized as contributions immediately. They can then
name a charitable organization to which they want the funds directed
if the appeal process reverses the Town's ability to condemn
2. Donors transferring restricted funds to VFPP may also elect to
have their donation not recognized as a contribution until the completion
of the appeals process. VFPP will return the funds if, for any reason,
the purchase is not consummated.
If you would like your gift to be restricted, you must sign the Conditional
Contribution Agreement of understanding with VFPP.
In those instances where marketable securities are transferred to
VFPP, we will hold the securities until the appeals process is final.
If the court reverses Telluride's ability to condemn, and your contribution
was restricted, we will return the securities to you to avoid a capital
gains situation. If your donation is restricted, VFPP sells your securities
and the acquisition is overturned after a possible appeals process,
we will return the net amount received from the sale to you.
The Valley Floor Preservation Partners (VFPP) is a 501c3 charitable
organization. Our IRS letter of determination granted the exemption
status effective May 9, 2006.
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