Gift of beach condo creates scholarship for pre-med students

Jan. 1, 2018

When Dr. Fred Brauti ’49, a retired radiologist, and his wife, Mary, decided to simplify their lives, they knew it was time to sell their cherished but seldom-used Gleneden Beach condo.

The couple contacted the OSU Foundation to learn about their options for turning the vacation home into a charitable gift. They decided to give the property outright—eliminating capital gains taxes, freeing them of the responsibility and expense of maintaining two homes, and providing a significant tax deduction.

Proceeds from the sale will expand the Fred and Mary Brauti Pre-Medical Scholarship Fund, which they established in 2011. “We weren’t going there very much,” Dr. Brauti said. “This was an easy way to build up the scholarship and help Oregon State students on their way to successful careers in medicine.”

Learn about the impact you can make with a gift of real estate.