These are all the companies pledging matching funds to Trump accounts
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Millions of Trump accounts, the new savings accounts for children, will be funded with an initial deposit of $1,000 from the U.S. Treasury. So far, nearly three dozen companies and philanthropists have pledged to match that seed money with their own donations.
Experts say savings accounts, along with employer contributions, could help reframe the conversation about saving early for children's futures.
While any child under 18 with a Social Security number can establish the IRA-like savings account, only those born between Jan. 1, 2025, and Dec. 31, 2028, get a $1,000 deposit directly from the government as one-time seed money.
Parents and their employers, family members, friends — really anyone — can contribute up to $2,500 per year, beginning on July 5, with a $5,000 annual cap on contributions.
Charitable organizations and state governments can also make contributions, which do not count against the annual limit. So far, Treasury Secretary Scott Bessent says 20 U.S. states are working to meet the administration'
Fuente original: Yahoo Finance (https://finance.yahoo.com/personal-finance/banking/article/these-are-all-the-companies-pledging-matching-funds-to-trump-accounts-155809477.html)
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