Ed Freedman's Stable Road Foundation, Gov. Josh Green, the Michael & Susan Dell Foundation, and Invest America Make Hawai'i the First State to Fund Investment Accounts for Every Eligible Foster Child at Every Age
On the eve of America’s 250th anniversary Governor Josh Green announced that Hawaiʻi is becoming the first state in the nation to ensure every eligible child in foster care, from newborn through age 17, has a funded, tax-advantaged savings and investment account. Through partnerships with the Michael & Susan Dell Foundation and Ed Freedman’s Stable Road Foundation, Hawaiʻi has secured funding for every eligible foster child, eliminating the remaining gap in support.
The initiative responds to First Lady Melania Trump’s national “Fostering the Future” initiative, which established the federal Section 530A savings account program — giving children in foster care a dedicated savings and investment account they can access beginning at age 18. In Hawaiʻi, all eligible foster children will now receive both an account and seed funding through a combination of federal and philanthropic support:
The federal government provides a $1,000 seed contribution for children born between 2025 and 2028. The Michael & Susan Dell Foundation provides $250 for foster children age 10 and under, born before 2025.
