WASHINGTON, July 2 (Reuters) – Individuals and businesses will be able to donate stocks to the “Trump Account,” the nascent government-backed investment account created by the U.S. president. donald trump The landmark tax and immigration law, officials said Thursday.
The accounts are set to be officially launched on Saturday to commemorate the 250th anniversary of the founding of the United States. The federal government will contribute $1,000 per child born from 2025 to 2028, with additional contributions from companies and philanthropists.
Donors will be able to transfer publicly traded stock to the U.S. Treasury, and the stock “will be donated to the eligible child’s Trump account in accordance with the donor’s instructions, applicable law, and guidance from the Treasury Department,” the department said.
“By accepting donations of publicly traded stocks, Treasury is creating a practical pathway for large-scale private giving to support the next generation,” said Treasury Secretary Scott Bessant said in a statement.
Parents and guardians can create an account by filling out the one-page IRS “Form 4547,” named for the 45th and 47th President Trump. These accounts are not automatically created by the government; while the child is a minor, the adult who opens the account is responsible for setting them up and choosing how the funds are invested.
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The Treasury Department on Wednesday announced the creation of five investment funds into which account holders will be able to deposit initial cash contributions to the government. These funds track the performance of some major Wall Street indexes and are among the most widely traded exchange-traded funds among retail investors.
Trump’s holdings of these vehicles are valued at between $7 million and $35.1 million, according to his annual financial disclosures. He bought up to $21 million in funds in 2025.
White House Representatives did not immediately respond to a request for comment.
The U.S. Treasury Department said more than 6 million households have signed up for these accounts, but the agency previously reported that only 1.4 million households were eligible for federal seed funding.
This means the vast majority of account holders who opt into the scheme will receive tax benefits, but the majority will invest their own money.
Trump Accounts have less favorable tax treatment than other savings plans designed for young adults but have fewer restrictions on how the funds can be used. These funds will not be taxed until the account holder is 18 years of age or older, but may face some state taxes. (Reporting by Jacob Berg; Editing by Dan Burns)