The U.S. Treasury and Internal Revenue Service announced they will begin accepting philanthropic donations of publicly traded stock for Trump Accounts, expanding funding options ahead of the program's July 4 launch. Eligible donors can transfer approved stocks to Treasury, which will allocate the shares to beneficiaries according to donor instructions. Treasury also confirmed that contributions can be invested in index funds from BlackRock ($BLK), State Street ($STT), and Vanguard Total Stock Market ETF ($VTI).
- Treasury will accept donations of readily tradable public company stock for eligible Trump Accounts beginning July 4.
- Parents or guardians must open accounts using IRS Form 4547; accounts are not created automatically.
- The federal government contributes $1,000 for children born between 2025 and 2028, while additional private contributions are permitted.
- Eligible investments include State Street's SPYM and SPTM ETFs, BlackRock's IVV and ITOT ETFs, and Vanguard's VTI ETF.
- Micron Technology pledged up to $250 million toward Trump Accounts through employee matching and community contributions, while additional corporate commitments have also been announced.
Relevant Companies
- State Street ($STT) – Treasury selected multiple State Street ETFs, including the default investment option for Trump Accounts.
- BlackRock ($BLK) – Treasury approved BlackRock iShares ETFs as eligible investment options within the program.
- Micron Technology ($MU) – The company pledged up to $250 million toward Trump Accounts through employee matching and community investments.
Editor’s Note: This is a developing story. This article may be updated as more details become available.