The Trogden Family: Setting Up Generational Generosity with a Gift of Business Interest
The innovative approach of donating a portion of their company to a donor advised fund (DAF) with The Signatry allowed the Trogdens to reduce their tax burden out of the business sale and maximize their charitable impact.
Read More of The Trogden Story ⬇️
After learning about an opportunity to donate used medical equipment from his business to a community in Haiti, David Trogden tapped into the power of generosity.
The Trogdens involvement with overseas nonprofits continued to grow, and at the same time, David discovers that gifting a portion of privately held stock from his business would greatly fuel he and his wife Casey’s ability to give charitably.
The Trogdens worked with The Signatry to eventually make a large donation to a donor advised fund before the sale of their medical equipment business. Using a donor advised fund at The Signatry for their generosity, the Trogden’s are establishing a family of faith, tradition, and generosity with their two daughters.
Now, the Trogdens are supporting over twenty-six organizations globally, and are connecting with problem-solving CEOs and other business leaders to maximize their resources to impact the communities that their family— including their two daughters— have served.
Their story is a powerful reminder that generosity multiplies impact, shaping not only those who receive but also those who give. As the Trogdens’ children learn to engage with organizations they care deeply about, their family’s legacy of generosity continues to grow, creating a ripple effect across the world.
Dive Deeper: More Trogden Lessons:
Alternative Investments Opportunity: David Trogden
David explains what an alternative investment is and how it can help make a greater impact all while utilizing dollars in a donor advised fund.
Casey and David Trogden: How We Use a DAF at The Signatry
Learn how David and Casey found a donor advised fund at The Signatry to be an easy and dependable tool for supporting 26 nonprofits on a regular basis.
David Trogden: Analyzing the Benefits of My Business Interest Gift
David outlines the technical aspects of doing a gift of business interest to a donor advised fund. He analyzes the tax savings he experienced when donating a portion of his business interest before his business exit.
The Trogdens: Start Simple Generosity Today
The Trogdens discuss the reward of being stewards with their resources now versus in the unforeseen future.
Incorporating Family Generosity with Intentional Impact: Cause Champion Stories
Want to see a story of how families at The Signatry are using these generosity strategies in conjunction with solving a specific problem in a cause area dear to their heart? Check out our cause champion series for a lesson on becoming a cause champion.
Explore Cause Champion Families at The Signatry