The PRC's Preservation Easement Program makes it possible for owners of historic buildings to gain a tax advantage by donating the façade of the property to the PRC. Once the donation is made, the PRC's right to regulate changes to the property's exterior is recorded in its title and remains in effect in perpetuity.
The PRC's Preservation Easement Committee meets monthly to consider façade donation applications. Applicants pay an application fee to have their proposed donation reviewed and considered, and then pay a donation fee if the proposal is accepted. The donation of the easement to the PRC is considered a charitable contribution and can therefore earn a deduction on the donor’s federal income tax return.