President Donald Trump announced Monday the launch of Trump Accounts, a new tax-advantaged investment program that will invest more than $800 million in U.S. stocks this week on behalf of American children. The accounts are funded through U.S. government seed money and individual contributions, with all initial investments directed to the State Street SPDR Portfolio S&P 500 ETF according to the U.S. Treasury Department. The program was created under the 2025 tax law signed by Trump to help families start investing for children's futures from an early age. Trump stated the administration is considering a similar plan for adults modeled on an Australian government program. The announcement featured Dell Technologies founder Michael Dell and his wife Susan Dell, who pledged $6.25 billion to the initiative.
Treasury Department Selects Five ETFs for Trump Accounts
According to the U.S. Treasury Department, all contributions to the program are initially invested in the State Street SPDR Portfolio S&P 500 ETF. Four additional ETFs have been selected that account holders can choose from later: BlackRock Inc.'s iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total US Stock Market ETF (ITOT), Vanguard Total Stock Market ETF (VTI), and State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM).
Addressing reporters at the White House, Trump said the accounts "will now begin to grow right along with our booming economy."
Michael Dell and SpaceX COO Announce Major Contributions
Dell Technologies Inc. (DELL) founder Michael Dell and his wife Susan Dell pledged $6.25 billion to the Trump Accounts initiative and were present beside Trump during the announcement. Trump remarked, "Go out and buy a Dell computer. He's not doing it for that, but I bet his business bread has gotten even bigger."
SpaceX President and Chief Operating Officer Gwynne Shotwell announced Monday that she and her husband are each contributing one share of SpaceX to more than 2 million Trump Accounts. Shotwell stated in a post on X that the gift "specifically goes to the Accounts of children (ages 11-17) that live in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home."
Trump Accounts Eligibility and Contribution Limits
Any eligible U.S. child under age 18 with a valid Social Security number can have a Trump Account opened by a parent or guardian. Children who are U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028 qualify for a one-time $1,000 federal deposit.
Family members, friends, employers, charities, and certain government entities can contribute up to $5,000 per year to individual accounts.
Trump Administration Considers Adult Investment Program
Trump said his administration is considering a similar plan for adults in the U.S., mirroring a program implemented by the Australian government. "We're going to be talking about that with Congress and see if we can implement it, and that would be more for grown-ups as opposed to children," Trump stated.
FAQ
What are Trump Accounts and who is eligible?
Trump Accounts are tax-advantaged investment accounts for children created under the 2025 tax law. Any U.S. child under age 18 with a valid Social Security number can have an account opened by a parent or guardian. Children who are U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028 qualify for a one-time $1,000 federal deposit from the government.
How much money is being invested in Trump Accounts this week?
President Trump announced Monday that more than $800 million will be invested in U.S. stocks this week on behalf of American children through Trump Accounts. The funds come from U.S. government seed money and contributions from individuals, with all initial investments directed to the State Street SPDR Portfolio S&P 500 ETF according to the U.S. Treasury Department.
What contributions did Michael Dell and SpaceX make to Trump Accounts?
Dell Technologies founder Michael Dell and his wife Susan Dell pledged $6.25 billion to the Trump Accounts initiative. SpaceX President Gwynne Shotwell announced that she and her husband are each contributing one share of SpaceX to more than 2 million Trump Accounts, with the gift targeted to children ages 11-17 in areas with lower average household incomes.
