The Trump administration is reportedly in talks to allow billionaires to donate shares of stock to the federal savings program known as "Trump Accounts," according to the New York Times. This would mark a significant shift from the current policy, which limits investments to cash-based index funds.
Elon Musk could potentially gift shares of Tesla, or Jensen Huang could contribute shares of Nvidia, fundamentally altering the program's structure.
Launched on July 5, 2026, Trump Accounts are designed for children born between 2025 and 2028, with a $1,000 federal seed deposit. Approximately 5 million children have already been enrolled, Treasury Secretary Scott Bessent announced in April.
Philanthropists and corporations have also pledged contributions. Michael and Susan Dell have committed $6.25 billion, offering $250 each to the first 25 million applicants. Ray and Barbara Dalio pledged $250 to 300,000 Connecticut children. JPMorgan Chase, Charles Schwab, and BlackRock have matched contributions for employees' children.
Account holders must invest in low-cost index funds with at least 90% U.S. exposure and expense ratios below 0.1%. Contributions are capped at $5,000 annually, excluding government and charitable donations. Withdrawals are permitted after age 18, with tax rules similar to IRAs.