BlackRock to match $1,000 per child under Trump-backed savings plan
BlackRock, the largest asset manager on the planet, said on Wednesday that it will give eligible U.S. workers $1,000 for each child, lining it up with Trump’s early-childhood savings program.
The plan ties directly to the federal seed funding under the One Big Beautiful Bill Act, which puts the same amount into new “Trump accounts” for children nationwide.
BlackRock said the match applies across its workforce, adding that this will “help employees and their families foster strong financial habits early, encourage long-term planning, and invest in the potential of the next generation.”
Trump Accounts get new corporate support after Dell donors
The federal program starts July 4, 2026, and will let parents open accounts for their children and put in $5,000 a year.
Employers can add $2,500 without touching a worker’s taxable income, and the government match stays fixed at $1,000 for each eligible child.
The setup runs for children born between 2025 and 2028, bringing millions of families into the system.
Bank of New York Mellon said last week it will match the federal $1,000 for newborns of its U.S. workers. Treasury Secretary Scott Bessent said Ray Dalio, founder of Bridgewater Associates, will support Trump’s accounts for children in Connecticut. Bessent said Dalio’s contribution forms part of a wider effort to secure donors in every state. He added that 20 states are considering adding public funds to the federally seeded accounts.
Scott also pointed to the now-famous large private gift from Michael Dell and Susan Dell, who said they will give 25 million American children $250 each to open their first investment account, totaling $6.25 billion, as Cryptopolitan previously reported.
Ray expanded on his plans in a post on X, saying he will donate $75 million to match the Dells’ $250 for about 300,000 children in Connecticut. Dalio said he hopes “other philanthropists and leaders will join this effort by contributing to similar initiatives in their home states.”
Join Bybit now and claim a $50 bonus in minutes
You May Also Like
Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny
Mastercard Partners With Polygon to Enable Crypto Payments for Consumers and Merchants
