"Hedge fund manager Ray Dalio has joined the list of billionaires backing President Donald Trump's new plan to give $1,000 to every child born in the next three years. Dalio, the founder of Bridgewater Associates, and his wife, Barbara, will donate $250 to about 300,000 children in Connecticut who live in zip codes where the median family income is $150,000 or less, Dalio Philanthropies said in a press release."
""Barbara and I believe strongly in the importance of equal opportunity and believe this initiative is an important step in that direction," Ray Dalio said in the release. "I have lived the American dream. At an early age, I was exposed to the stock market, and it changed my life. By providing children with savings accounts that compound over time, we are providing them with early insights into financial literacy and a path towards financial independence.""
"BlackRock, too, announced on Wednesday that it would "offer an employee match to the US government contribution of $1,000 for all eligible US employees to Trump Accounts." Several other business leaders, including Goldman Sachs CEO David Solomon and Nvidia CEO Jensen Huang, have also committed to contributing funds to the accounts of their employees' children, according to Invest America, the federal program spearheaded by Altimeter Capital CEO Brad Gerstner that is now commonly known as "Trump Accounts.""
Ray Dalio and his wife will donate $250 to about 300,000 Connecticut children who live in ZIP codes where the median family income is $150,000 or less. The contribution is directed through Dalio Philanthropies. The donation supports President Donald Trump's plan to provide a one-time, tax-free federal grant of $1,000 to every American child born in the next three years. BlackRock announced an employee match of the $1,000 government contribution for all eligible U.S. employees. Several other business leaders and firms, including Goldman Sachs, Nvidia, and BNY, have committed funds through Invest America, spearheaded by Brad Gerstner.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]