The White House unveiled new information about “Trump accounts” on Wednesday, including an additional donation from billionaire hedge fund manager Ray Dalio and his wife, Barbara to help fund the savings accounts for kids.
In the last week, a number of companies, including BNY and BlackRock, also announced they would match contributions to Trump accounts for their employees to encourage early wealth-building.
Trump accounts, also known as Section 530A accounts, were created under President Donald Trump’s “big beautiful bill,” which Congress passed in July. The accounts will be available for families beginning in mid-2026, according to a Wednesday update on trumpaccounts.gov.
The IRS and Treasury released additional Trump account guidelines earlier this month.
Here’s what families need to know about the funding.
