Trump says Treasury will accept stock donations for 'Trump Accounts'
The U.S. President said publicly traded shares can be donated to help fund the initiative, which he said launches July 4 with automatic $1,000 seed deposits for eligible children.
Fact Check
The official Treasury press release (home.treasury.gov press release sb0552) directly confirms that Treasury and the IRS will accept philanthropic contributions of publicly traded stock for Trump Accounts, launching July 4, 2026, and Reuters independently corroborates this. The substantive claim—Treasury accepting stock donations as a funding channel for Trump Accounts—is verified. The only minor discrepancy is attribution: the official announcement quotes Treasury Secretary Scott Bessent, whereas the source X post attributes it to President Trump. Given Trump's association with the program and public statements, this attribution nuance does not undermine the core factual accuracy.
Summary
President Trump said the U.S. Treasury will accept readily tradable shares of publicly listed companies as charitable donations to fund eligible U.S. children’s 'Trump Accounts.' He said the program launches on July 4, will include automatic $1,000 government seed deposits, has already received more than 6 million applications, and could drive $30 billion to $50 billion of first-year inflows into U.S. stocks. The update expands the program’s funding channels beyond cash by allowing donations of listed equities through the Treasury.
Terms & Concepts
- publicly listed companies: Companies whose shares trade on public stock exchanges.
- charitable donations: Gifts made without compensation, typically to support a public or social purpose.
- seed deposits: Initial funding placed into an account at the start of a program or investment.