"The president is calling on our nation's business leaders and philanthropic organizations to help us make America great again by securing the financial future of America's children,"
"I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life,"
"Starting on July 4th, our nation's 250th anniversary, parents, family members, employers and friends will be able to contribute up to $5,000 to each Trump Account each year,"
The U.S. Treasury requested major philanthropic donations to support new investment accounts for children known as Trump Accounts, framed as a '50 State Challenge' to raise funds nationwide. The accounts were created by recent tax and spending legislation requiring the Treasury to deposit $1,000 into accounts for children born during the president's second term. Billionaires pledged large commitments: Ray and Barbara Dalio committed $75 million to provide $250 each to 300,000 Connecticut children in qualifying ZIP codes, and Michael and Susan Dell pledged $6.25 billion to fund $250 for 25 million qualifying children. The Treasury has not yet launched the accounts and outside contributions up to $5,000 per account per year will be permitted starting July 4.
Read at Fortune
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