With less than two months until the official launch of “Trump accounts,” there are reports that business leaders and philanthropists may, at some point, be able to donate stock to fund grants into the new tax-deferred investing accounts for children.
“We all want to maximize more multi-billion gifts into kids accts & the gifts may be cash / shares!” Altimeter Capital CEO Brad Gerstner, who helped spearhead the Trump administration’s new savings initiative, wrote in a post on X on Wednesday.
Gerstner’s post came in response to a DealBook report from Wednesday, which said that there have been talks about changing the rules to allow for direct stock donations.
CNBC was not able to independently verify the DealBook report, which did not disclose its sources. DealBook reported that White House and Treasury Department officials discussed potentially expanding funding for “Trump accounts” to accommodate stock donations.
“The Trump administration is always open to finding new ways to build on the immense success of Trump Accounts and help the next generation of American children build wealth,” a White House official said in an email in response to CNBC’s query about direct stock investment. “There are, however, no new updates to share at this time.”
