Ultra‑wealthy donors rally to fund Trump Accounts for kids

The Trump Accounts program launched on July 4 with rules allowing up to $5,000 per child per year from parents (plus $2,500 from employers) and a $1,000 government seed for births 2025–2028; withdrawals begin at age 18. High‑profile donors—Michael and Susan Dell, Ray and Barbara Dalio, Brad Gerstner, Harold Hamm, Nicki Minaj, and Gwynne Shotwell—are pledging substantial contributions, often by ‘adopting’ states and targeting low‑income ZIP codes. SpaceX’s Gwynne Shotwell announced stock donations for more than 2 million children, and Elon Musk’s contribution has not yet been disclosed. The aim is to foster financial literacy and wealth-building for the next generation.