Melania Trump Unveils Nationwide Fostering the Future Savings Accounts for Foster Youth

First Lady Melania Trump announced the Fostering the Future Accounts, a Treasury-backed savings/investment program that lets states open Trump Accounts for eligible foster children as part of the broader Fostering the Future initiative. With over 400,000 foster youths in the U.S. and thousands aging out each year, the program aims to provide a dedicated, tax-deferred savings vehicle; 23 governors have pledged to set up accounts. Trump Accounts (Section 530A) will include a one-time $1,000 Treasury deposit for qualifying children born 2025–2028, and states serving as guardians can open accounts on behalf of eligible kids. The rollout is planned for July 4.