Trump accounts' for newborns will accept stock donations, US officials say

US officials said Thursday that “Trump accounts” for newborns—newborn investment accounts created under President Donald Trump’s tax and immigration law—will accept stock donations. The accounts are scheduled to formally launch on Saturday to mark the United States’ 250th anniversary. The federal government will contribute $1,000 for each child born from 2025 through 2028, and officials said individuals and corporations will be able to transfer publicly traded shares to the US Treasury. Those shares would then be contributed to the accounts for eligible children following donor instructions, applicable law, and Treasury guidance. Treasury Secretary Scott Bessent said accepting publicly traded stock creates a “practical pathway” for private giving. Parents or guardians must set up the accounts themselves using IRS Form 4547. The Treasury announced five investment funds tied to major Wall Street indexes. More than 6 million families have signed up, though 1.4 million qualify for seed money.