Trump Accounts Reach Nearly 70 Million as New Stock-Donation Rules Encourage Large-Scale Philanthropy
President Donald Trump announced that nearly 70 million children have been enrolled in Trump Accounts, a new tax-deferred investment vehicle. These accounts include an initial $1,000 deposit from the Treasury for eligible children born between 2025 and 2028. New regulations now allow stock donations to these accounts, potentially enabling large-scale private giving. IRS CEO Frank Bisignano noted that several major philanthropic gifts are already in progress, including some at a
Topics: child investment accounts philanthropy Treasury Department Trump Accounts