Development News
John C. Troutman Group Study Room in Graduate Center
John Troutman's Gift Aims To "Keep the Momentum
Going"
John C. Troutman, chairman of the board of Regions Bank of South Carolina, is a Moore School graduate (BS '63, Distinguished Alumnus '04). So is his wife, Lynda Lowe Troutman. So are the couple's adult children, John Troutman, Jr. and Kendall T. King, as well as John's daughter Courtney Kennaday.
"We're a Carolina family, no doubt about it," says Troutman, 68, who retired a few years ago as chairman, president, and CEO of Regions Bank.
The family's longtime connection to USC is a big reason why Troutman, 2007-2008 chairman of the Dean's Circle at the Moore School and a member of the school's Envisioning Moore Capital Campaign Committee, has committed $100,000 to the capital campaign to fund the John C. Troutman Group Study Room in the school's planned new building.
This latest gift follows a directed bequest of $250,000 - set up in 1997 - to establish The John C. Troutman Chair in Banking and Finance at the Moore School. (That bequest is now worth close to $300,000.) In addition, Troutman has committed $75,000 to the USC-Aiken Convocation Center to establish the John C. Troutman Family Lobby there.
All told, that's a nearly half-million-dollar commitment to USC from the Troutman family.
"The business school is really going great guns, and under Joel's [former Dean Joel A. Smith III] leadership, the school has flourished," Troutman says. "We need to keep that momentum going."
Troutman's new $100,000 gift will be matched by Darla Moore, the school's benefactress. "It's real important that we match Darla's generous gift," says Troutman, who is former president and current member of the Business Partnership Foundation, the school's liaison with the business community. "Darla's gift has taken us to the next level, and a new building will take us to yet another level."
Why has Troutman, a devout Gamecock fan whose son was a cheerleader for all of his four years at Carolina, decided to give back so much to the University? "Life has been good to me," he replies, "and the University has played an important part in our lives over the years. So we're pleased to be a part of what's going on at the Moore School and USC."
Troutman, a marketing major when attending the Moore School, is putting that background to good use when he speaks to clubs and organizations around the state and region. "I always mention the Charitable Remainder Unit Trust, (CRUT)," he says, the type he set up in 1997.
"It's a good way to give money," Troutman tells his audiences. "I put away the $250,000 in the CRUT, and the trust pays me a management fee for that, so there's income off of that. At my death, everything in the trust passes to the University. In the meantime, I get some earnings off the trust."
There are, indeed, many ways of giving.
John C. Troutman, chairman of the board of Regions Bank of South Carolina, is a Moore School graduate (BS '63, Distinguished Alumnus '04). So is his wife, Lynda Lowe Troutman. So are the couple's adult children, John Troutman, Jr. and Kendall T. King, as well as John's daughter Courtney Kennaday.
"We're a Carolina family, no doubt about it," says Troutman, 68, who retired a few years ago as chairman, president, and CEO of Regions Bank.
The family's longtime connection to USC is a big reason why Troutman, 2007-2008 chairman of the Dean's Circle at the Moore School and a member of the school's Envisioning Moore Capital Campaign Committee, has committed $100,000 to the capital campaign to fund the John C. Troutman Group Study Room in the school's planned new building.
This latest gift follows a directed bequest of $250,000 - set up in 1997 - to establish The John C. Troutman Chair in Banking and Finance at the Moore School. (That bequest is now worth close to $300,000.) In addition, Troutman has committed $75,000 to the USC-Aiken Convocation Center to establish the John C. Troutman Family Lobby there.
All told, that's a nearly half-million-dollar commitment to USC from the Troutman family.
"The business school is really going great guns, and under Joel's [former Dean Joel A. Smith III] leadership, the school has flourished," Troutman says. "We need to keep that momentum going."
Troutman's new $100,000 gift will be matched by Darla Moore, the school's benefactress. "It's real important that we match Darla's generous gift," says Troutman, who is former president and current member of the Business Partnership Foundation, the school's liaison with the business community. "Darla's gift has taken us to the next level, and a new building will take us to yet another level."
Why has Troutman, a devout Gamecock fan whose son was a cheerleader for all of his four years at Carolina, decided to give back so much to the University? "Life has been good to me," he replies, "and the University has played an important part in our lives over the years. So we're pleased to be a part of what's going on at the Moore School and USC."
Troutman, a marketing major when attending the Moore School, is putting that background to good use when he speaks to clubs and organizations around the state and region. "I always mention the Charitable Remainder Unit Trust, (CRUT)," he says, the type he set up in 1997.
"It's a good way to give money," Troutman tells his audiences. "I put away the $250,000 in the CRUT, and the trust pays me a management fee for that, so there's income off of that. At my death, everything in the trust passes to the University. In the meantime, I get some earnings off the trust."
There are, indeed, many ways of giving.
December 2007