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Profiles in Giving

David and Marilyn O’Toole, A12P

Their house will help make Tufts a healthier home for active students.

Tufts parents David and Marilyn O'Toole, A12P, of San Marino, Calif., wanted to make a gift toward health and fitness to help other students have the rewarding college experience their daughter, Megan, A12, has enjoyed.

The O'Tooles decided to donate a house in Mesa, Ariz., that had been in their family but had recently become vacant. Proceeds from the sale of the property will go to the Tufts Fund for Arts, Sciences and Engineering to buy treadmills for Cousens Gym.

Why Tufts

"Our choice was either to sell the house in a difficult real estate market or donate it to Tufts, thereby obtaining the tax benefits and allowing the university to sell at a more appropriate time," said Mr. O’Toole. "Tufts made the decision easy and painless."

The O'Tooles are active on the Parents Committee and have generously supported Tufts in the past few years. Their most recent donation provides an example of the way a gift of real estate can benefit the university.

"Giving your real estate to us may save you thousands of dollars in income taxes," says Rebecca Scott, director of gift planning. "If you have property that is too big, too far away, or too demanding on your resources, consider making a charitable gift of real estate. Let us put it to good use."