Treasury to accept public stock gifts for new children’s investment accounts
TL;DR
Treasury officials announced that companies, nonprofits and state/local governments can donate public stock to the new child-investment accounts, with seed funding of up to $1,000 for about 1.4 million accounts (born 2025–2028) and more than 6 million accounts available; stock donations go to the Treasury to be allocated per donor instructions, while cash contributions will be invested in the SPYM ETF.
Topics:businesseconomy#economy#finance#government-programs#personal-investing#philanthropy#scott-bessent
- Child investment ‘Trump accounts’ will accept public stock donations The Washington Post
- Many Children Don’t Have ‘Trump Accounts.’ Some Are Missing Out on $1,000. The New York Times
- New York Stock Exchange and the Nasdaq will be opened from Oval Office for launch of Trump Accounts CNN
- Treasury says Trump Account investment options will include State Street, BlackRock and Vanguard ETFs CNBC
- Trump Accounts launch July 4, giving newborns $1,000. Here's what to know ABC News - Breaking News, Latest News and Videos
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