Industry firms and groups are announcing new contributions to Trump Accounts as the program is set to go live later this year.
Both Russell Investments and the Investment Company Institute (ICI) revealed separate contributions to the federal investment program set up in the One Big Beautiful Bill Act.
Russell Investments announced it would match the U.S. government’s $1,000 contributions for eligible children of U.S. employees. According to the firm, Russell Investments would contribute to accounts for employees’ newborn children during and past the expiration of the bill and would request that lawmakers continue to support the accounts past its expiration.
“Starting early helps to demystify investing,” said Zach Buchwald, Chairman and CEO of Russell Investments. “By matching government contributions to Trump Accounts, we’re helping employees start investing for their children when compounding has the greatest impact.”
In a separate announcement, the ICI said it would also offer its employees a $1,000 matching contribution to the federal program. “ICI is proud to support, not only in words but in action, too, the implementation of Trump Accounts to ensure our newest generation of Americans experience and enjoy the benefits of fund investing, setting them up for success later in life,” said ICI President and CEO Eric J. Pan.
Launching July 5, 2026, the Department of Treasury will contribute $1,000 into Trump Accounts for babies born between Jan. 1, 2025, and Dec. 31, 2028, in the U.S. Trump Accounts, which would be private property of the child’s guardian, would track a stock index and allow for additional private contributions of up to $5,000 per year.
Billionaires Ray Dalio of Bridgewater Associates and Michael and Susan Dell of the Dell Foundation have each pledged billions of dollars to the federal program and have called on other outside parties to contribute as well.
In a press announcement in December, Treasury Secretary Scott Bessent called for a “50 state challenge,” where philanthropists from each U.S. state are encouraged to participate in the program.