Trump Accounts officially launched on July 4, providing a $1,000 federal seed contribution for every eligible child born between January 1, 2025 and December 31, 2028. The accounts are invested in a low-cost S&P 500 index fund and allow annual contributions of up to $5,000, with the $1,000 seed alone potentially compounding to roughly $372,000 by age 62. Billionaire Michael Dell and his wife Susan pledged $6.25 billion for lower-income children, while SpaceX president Gwynne Shotwell announced a donation of 2 million shares of SpaceX stock for children ages 11 to 17 in lower-income communities. In total, 88 companies and individuals have committed matching contributions or similar support, including Bank of America, Broadcom, Intel, Coinbase, Uber, and Visa.
Coinbase Global Inc
Visa Inc. Class A
Broadcom Inc
Bank of America Corp
Intel Corporation
Uber Technologies Inc