Pledges to Trump Accounts, the new investment accounts for U.S. children, now total as much as $17 billion, according to ETF analyst Eric Balchunas. Elon Musk and Michael and Susan Dell accou
Pledges to Trump Accounts, the new investment accounts for U.S. children, now total as much as $17 billion, according to ETF analyst Eric Balchunas. Elon Musk and Michael and Susan Dell account for most of it.
Americans for Tax Reform (ATR) says 101 companies, foundations, individuals and states have announced contributions, including BlackRock, Nvidia and Delta.
How Trump Accounts work
Trump Accounts are tax-advantaged investment accounts for children under 18. The Treasury Department launched the full program on July 4, 2026.
- Every eligible child with a valid Social Security number can have an account. Treasury auto-enrolled more than 60 million additional children on Oct. 1.
- Parents or guardians must claim an account before managing it or receiving certain contributions.
- The $1,000 federal seed goes only to eligible U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028.
- Families can add up to $5,000 a year, and employers can add up to $2,500.
- Money is generally invested in low-cost U.S. stock index funds, and withdrawals are restricted while the child is young.
Children hold a sign that reads "Thank You for Trump Accounts" during an event with U.S. President Donald Trump in the Oval Office.
Gettyimages
Musk and the Dells lead the pledges
Musk, the world's richest person, said on Oct. 19 he will give one SpaceX share to every child in America next year. Balchunas estimates the gift at about $10.5 billion, and the shares have not yet been distributed.
Michael and Susan Dell committed $6.25 billion in December 2025. They will give $250 each to the first 25 million children age 10 and under who live in ZIP codes with median incomes below $150,000.
Musk's figure is an estimate and the shares have not been distributed. Source: Eric Balchunas, Americans for Tax Reform
Other large pledges include:
- Gwynne Shotwell, SpaceX president, and her husband pledged one SpaceX share each to more than 2 million children ages 11 to 17, worth about $320 million when announced in July.
- Ray and Barbara Dalio committed $75 million, or $250 each for about 300,000 children in Connecticut.
- Brad Gerstner, who led the Invest America campaign, has funded accounts for children in Indiana.
- Ed Freedman's Stable Road Foundation pledged $250 each for Hawaii foster children ages 11 through 17.
- Harold Hamm, founder of Continental Resources, is contributing for employees' children.
Popular on TheStreet Roundtable:
Nicki Minaj pledged up to $300,000
Rapper Nicki Minaj pledged between $150,000 and $300,000 at a Treasury event in September, according to PBS NewsHour reporting. She appeared on stage with President Donald Trump and called herself his "No. 1 fan."
Musician Nicki Minaj (L) and U.S. President Donald Trump hold hands on stage
Full list of donors
Most pledges cover only the children of a company's U.S. employees, and none of the pledges is a completed payment.
Banks, brokerages and asset managers
- Acorns
- Alight
- Altimeter Capital
- Bank of America
- Bank of New York Mellon
- BlackRock
- Block, Inc.
- Charles Schwab Corporation
- Chime Financial Inc.
- Citi
- Edward Jones
- Empower
- Franklin Templeton
- Goldman Sachs
- IntraFi
- Invesco
- JPMorgan Chase & Co.
- Mastercard
- Morgan Stanley
- Nasdaq
- Robinhood Markets, Inc.
- Russell Investment Group, LLC
- S & P Global
- Silver Lake Technology Management, LLC
- SoFi Technologies, Inc.
- State Street
- Vanguard
- Visa
- Wells Fargo
Crypto firms
- Circle Internet Group, Inc.
- Coinbase
- Galaxy Digital Inc.
- Kraken
- Strategy, Inc.
Technology and chips
- Broadcom
- CrowdStrike
- Dell Technologies
- IBM
- Intel
- Micron Technology
- Nvidia
- Replit
- SAP SE
- UBER
- WP Engine
- Charter Communications
- Comcast
- CTIA
- Fox Corporation
- iHeartMedia
- News Corporation
Airlines, food and industry
- American Airlines
- Chipotle
- Continental Resources
- Delta Airlines
- Pivot Bio
- Steak ‘n Shake
Trade groups, think tanks and advocacy organizations
- American Securities Association
- Brownstein Hyatt Farber Schreck
- Center for a Free Economy
- Heritage Foundation
- Investment Company Institute
- Turning Point USA
Foundations and individuals
- Anand Legacy Foundation
- Anonymous donor, San Francisco
- Dalio Philanthropies (Ray and Barbara Dalio)
- Ed Freedman’s Stable Road Foundation
- Elon Musk
- Harold Hamm
- Invest America (Brad Gerstner)
- Michael and Susan Dell Foundation
- Nicki Minaj
- SpaceX President Gwynne Shotwell
States (27)
- State of Alabama
- State of Arkansas
- State of California
- State of Colorado
- State of Florida
- State of Georgia
- State of Hawaii
- State of Idaho
- State of Indiana
- State of Iowa
- State of Louisiana
- State of Mississippi
- State of Missouri
- State of Montana
- State of Nebraska
- State of Nevada
- State of New Hampshire
- State of North Dakota
- State of Ohio
- State of Oklahoma
- State of South Carolina
- State of South Dakota
- State of Tennessee
- State of Texas
- State of Utah
- State of West Virginia
- State of Wyoming
Crypto firms join, but Bitcoin stays out
Coinbase, Circle, Kraken, Galaxy and Strategy are all on ATR's list. Strategy said in August it will match the $1,000 federal seed and add $250 a year for eligible children of its U.S. employees.
Galaxy CEO Mike Novogratz said the firm will also match the federal seed. These remain pledges.
The accounts are not designed to hold Bitcoin. SEC staff said on Sept. 30 that eligible investments must track a qualified index, use no leverage and charge fees of no more than 0.1%.
Trump said in July that "something could happen" with Bitcoin in the future, but no crypto option has been approved.
Where the idea came from
Trump Accounts trace back to the Invest America Act, which Sen. Ted Cruz introduced before it was folded into the One Big Beautiful Bill. The idea reportedly came up at an April 2024 poker game, when pro player Phil Hellmuth raised it with Cruz.
Gerstner, founder of Altimeter Capital, then pitched it in Washington. Trump promoted the program at a White House roundtable with executives including Michael Dell in June 2025
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