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Bessent sees more private contributions flowing into 'Trump accounts' for children
"I think that this is the beginning of a shareholder economy," Bessent told the New York Times DealBook Summit in New York on Dec. 3.
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Reuters - Wed, 03, Dec 2025
- 15:34 EST
- 8
US Treasury Secretary Scott Bessent attends a press conference held by U.S. President Donald Trump and UK Prime Minister Keir Starmer at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, England. / Leon Neal/Pool via REUTERS
U.S. Treasury Secretary Scott Bessent said he expects more billionaires, foundations and corporations to contribute funds to the new "Trump accounts" for 25 million Americans born between 2025 and 2028, which he said will help them participate in asset appreciation now associated with wealthier families.
"I think that this is the beginning of a shareholder economy," Bessent told the New York Times DealBook Summit in New York on Dec. 3.
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Bessent said that the accounts provide a chance for more philanthropists to contribute part of their fortunes directly to American children, following the example of Michael and Susan Dell who plan to contribute $6.25 billion towards the accounts in the Treasury-run Invest America initiative.
He added that some donors would target their donations to children in certain states or school districts.
Joseph Lavorgna, a counselor to Scott Bessent, told Reuters NEXT that the Dells' donation would add to the $1,000 that the U.S. Treasury will deposit into investment accounts for all children born between 2025 and 2028, adding that the accounts could be stocked up with other donations to as much as $6,000.
Additional funds could be added to a child's account by parents, guardians, an employer or another entity, he said.
Lavorgna said other donors had been identified and were "probably figuring out how much to give and when to do it." He gave no names.
"I'm hopeful that there will be many others that will come forward because it's a pretty novel idea and it does make young families or old families that have kids .... make them, you know, put money away," he said.
"It's an investment in the future," he said. "They take ownership in the American economy."
The accounts, created under Trump's One Big Beautiful Bill Act, will help boost investment in the U.S. economy while teaching Americans how compound interest works, as they see their children's accounts grow over time, Lavorgna said.
The Invest America accounts are expected to open on July 4 next year, but details about how they will work are still unknown. The funds - required to be invested in an index fund that mirrors the performance of the broader stock market - become available at the age of 18 for education, job training, a first home or starting a business.
Lavorgna declined to say when further donations from the private sector could be announced, but said he expected Trump to lean on possible donors to make good on their promises.
"I'm sure the president will be calling people and say, 'Listen, you said you're going to give, you better give,'" he said.
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