TLDR
- Ray Dalio donates $75 million to fund Trump Accounts for U.S. children.
- BlackRock joins efforts to match donations to Trump Accounts for employees.
- Trump Accounts initiative aims to reduce wealth gaps by investing in kids.
- Trump Accounts could provide up to $1,000 for eligible children born in 2025-2028.
Billionaire Ray Dalio and investment giant BlackRock are stepping up to support the newly launched “Trump Accounts” program, aimed at helping U.S. children build long-term wealth. With a combined effort to fund these accounts, both Dalio and BlackRock are joining a nationwide initiative to boost financial opportunities for lower-income families. The program promises to provide a head start in savings and investments, ensuring a brighter financial future for millions of children.
Ray Dalio and BlackRock Support Trump Accounts for U.S. Children
In a new initiative aimed at boosting wealth-building opportunities for American children, billionaire Ray Dalio and investment firm BlackRock have committed to funding “Trump Accounts.” These accounts, named after former President Donald Trump, are designed to provide financial support for children through government-backed savings and investment plans. The contributions come as part of a broader effort to support economic mobility for younger generations, particularly those from lower-income families.
Ray Dalio, the founder of Bridgewater Associates, has pledged $75 million to the program. His donation is part of what Treasury Secretary Scott Bessent has called the “50-state challenge,” a nationwide effort to secure funding for Trump Accounts. The program aims to ensure that children in the U.S. receive a financial boost, helping to close the racial wealth gap and provide long-term financial stability.
Trump Accounts and Their Potential Impact
Trump Accounts, officially known as Section 530A accounts, are set to launch in mid-2026. These accounts will be available to children up to the age of 18, and families can open them on behalf of their children. One of the primary features of the accounts is the government’s initial deposit of $1,000, provided to children born between 2025 and 2028. There are no income restrictions for this deposit, making it accessible to all eligible children in the United States.
Dalio’s contribution, alongside other major pledges from philanthropists and companies like BlackRock, will go toward supporting lower-income children. Families in qualifying ZIP codes with median incomes under $150,000 will benefit from these additional funds. According to a recent analysis, around 87% of Connecticut’s ZIP codes meet this criterion. The program is expected to positively impact millions of children across the country.
Corporate Support for Trump Accounts
In addition to Dalio’s donation, BlackRock and other corporations are actively participating in the Trump Accounts initiative. Companies like BNY Mellon and BlackRock have pledged to match donations to employees’ Trump Accounts, encouraging early wealth-building among their workforce. By contributing to the program, these corporations aim to foster a culture of savings and investment for future generations.
BlackRock’s involvement is significant, as it not only supports the program financially but also provides expertise in managing the investment portfolios associated with the accounts. The Trump Accounts will be invested in a diversified mix of low-cost index funds, with an emphasis on U.S. equities. These investments are expected to generate compound growth over time, benefiting children when they reach adulthood.
How to Open a Trump Account
Legal guardians, including parents, grandparents, or adult siblings, can open a Trump Account for children under the age of 18. The process involves submitting IRS Form 4547, which can be done separately or as part of the 2025 tax return. Starting in 2026, families will also be able to open accounts directly online via the official Trump Accounts website.
Once an account is established, the funds will be invested in U.S. equity index funds. Children born within the program’s eligible timeframe will receive the initial $1,000 deposit. As the program grows, it is expected that additional contributions from both the government and private donors will continue to support wealth-building efforts for American children.
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