This sounds like the better approach. Create a trust that runs a private park open to the public. This prevents the city from owning the land. The trust can also work out a deal with the city for tax benefits for running the park. The trust can also be set up so that a family member is always given an overriding voice while allowing the city to submit plans for proposed use, upgrades, permitting, etc.
replyBasically you need to pay a lawyer to set up a trust which requires trustees if you care or donate to an institution with their own lawyers who you trust with a presumably long institutional timeline.
replyTrusts have always seemed to me to be pretty vulnerable. You have to trust the entire line of future trustees to actually implement what's written down in the agreement. Say I donate my property to a trust set up to keep that property a public park for 1000 years. I choose someone I trust to implement it when I'm dead. But, then that person has to choose someone they trust, and so on, and at some point in the future, inevitably it's going to fall into the hands of someone who would rather sell the land and spend the proceeds on hookers and blow.
replyIt'd be nice to have a non-profit that honors these. Made of collective like-minded individuals. Protected by case law. You know, like a government is supposed to be.... But I suppose a big non-profit would work. Make one.
replyEverything is ultimately vulnerable, especially once you're gone. No institution lasts forever. Some are probably more likely to endure than others but there are no guarantees.
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