Gift of beach condo creates scholarship for pre-med students
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.
