Altimeter Capital CEO Brad Gerstner announced Wednesday a commitment to seed Trump accounts, a type of investment account for kids, for children in his home state of Indiana.
“I’m going to contribute dollars to kids in Indiana,” Gerstner, a hedge fund manager who helped spearhead the Trump administration’s savings initiative, said Wednesday morning on CNBC. He said the money is intended for children under five years old.
There are some 406,000 children younger than age 5 living in Indiana, according to the Census Bureau’s most recent population survey from 2024.
Gerstner also referenced his pledge at a summit on Wednesday with President Donald Trump and Treasury Secretary Scott Bessent to promote Trump accounts, also known as Section 530A accounts. He did not offer additional details on the size of the donation or exactly who would qualify.
Gerstner joins billionaire hedge fund manager Ray Dalio of Bridgewater Associates and Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, who previously announced pledges.
