US EditionWhite House Launches Trump Accounts Website
The Treasury's Trump Accounts offer tax-advantaged $1,000 seed investments for children, backed by $6.25 billion from Dell and $75 million from Dalio for Connecticut kids.
- On Wednesday, Treasury Secretary Scott Bessent confirmed billionaire investor Ray Dalio is committing funds to the Trump administration's Invest America program in Connecticut.
- The initiative established this year under President Donald Trump's One Big Beautiful Bill Act aims to deposit $1,000 seed deposit per child for children born between 2025 and 2028.
- Entrepreneur Michael Dell, entrepreneur, and Susan Dell pledged $250 into the individual accounts of 25 million American children in a $6.25 billion philanthropic commitment, and funds must be invested in an index fund.
- Officials say operational details remain undisclosed and advocates say it is unclear how the scheme will boost savings for lower-income Americans, while Frank Bisignano, Internal Revenue Service Chief Executive Officer, promises more information soon.
- The Invest America accounts are slated to open on July 4, 2026, with Charter Communications, BNY, Block, Uber, Visa, and Mastercard supporting matching and contribution efforts.
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Treasury Department's Call: Help Us Fund Trump Accounts
The US Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a "50 State Challenge" to raise funds for the Trump Accounts program. "The president is calling on our nation's business leaders and philanthropic organizations to help...
Ray Dalio Donates $75 Million to ‘Trump Accounts’ for Connecticut Kids
Hedge fund billionaire Ray Dalio and his wife Barbara have donated around $75 million to “Trump Accounts” for children in Connecticut. The philanthropist’s donation was announced on Dec. 17 at a press briefing about the donation and the new 50 State Challenge issued by the Trump administration. The Connecticut donor is the first to take the 50 State Challenge, which asks for funding for the soon-to-open kids’ investment accounts. According to Tr…
Billionaire Ray Dalio announced a $75 million donation to the Trump accounts. The founder of the Bridgewater Associates hedge fund made the announcement through a statement, in which he highlighted President Donald Trump's initiative and stressed the importance of investing in the future of young people.Read more]]>
Hedge fund billionaire Ray Dalio, wife to donate to 300,000 Trump accounts
Hedge fund billionaire Ray Dalio and his wife, Barbara, are joining a White House initiative to fund new President Trump-branded investment accounts for children, Treasury Secretary Scott Bessent announced Wednesday. Dalio, founder of investment firm Bridgewater Associates, has pledged with his wife to donate $250 each to roughly 300,000 children in their home state of…
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