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The major companies putting $1,000 into their employees' Trump accounts

Several companies have announced plans to contribute $1,000 to eligible employees' Trump accounts.
  • Trump Accounts are launching this July, and children born between 2025 and 2028 will get $1,000.
  • A growing number of companies have pledged to match that $1,000 contribution for their employees.
  • Here are the companies that have said they'll contribute to Trump Accounts.

More and more American companies are planning to invest in Trump Accounts.

The accounts, set to launch in July, are a new investment account intended to help children grow wealth and to make capitalism cool again.

And it comes with free money: If your baby is born between 2025 and 2028 and is an American citizen, the government will deposit $1,000 into the account.

In addition to that, the Trump administration has also encouraged private companies to get involved and match the government's $1,000 contribution for their employees.

Beginning in December and continuing through February, many companies — particularly banks and financial institutions — have announced they'll do just that.

Under the law, companies can contribute up to $2,500 per year to employees' Trump Accounts.

Here are some of the major companies that have announced that they'll contribute to their employees' children's Trump Accounts.

BNY

Bank of New York Mellon, also known as BNY, announced in December that it would contribute $1,000 to employees' Trump Accounts.

"For more than two centuries, BNY has supported our nation's financial ecosystem and the people who power it, including our own employees. This initiative advances that mission in a meaningful way," CEO Robin Vince said in a statement at the time. "By matching the government's contribution, we're helping our employees give their children a head start toward a stronger financial future."

Charles Schwab

The Charles Schwab Corporation announced in December that it would contribute $1,000 to eligible employees' Trump Accounts.

"For more than half a century, Schwab has stood for increasing access, lowering costs, and empowering millions of families to achieve their financial dreams and goals," CEO Rick Wurster said. "By matching the government's contribution for our employees' children, we're honoring that commitment."

Chipotle

A Chipotle spokesperson confirmed to Business Insider that the fast casual chain would be matching the government's contribution to employees' Trump Accounts.

"This initiative aligns closely with our purpose driven culture and our dedication to supporting the whole employee—at work, at home, and into the future," the spokesperson said. "We are proud to join companies across the country in backing this program and helping jumpstart the financial futures of our employees' children."

Turning Point USA
Turning Point USA CEO Erika Kirk

Turning Point USA CEO Erika Kirk announced in January that the political advocacy group and its affiliate, Turning Point Action, would contribute $1,000 to employees' Trump Accounts.

She referred to her late husband, Charlie Kirk, who was shot and killed in September.

"Charlie spoke so often about the importance of young families and having children, and his face would light up every time he learned about a Turning Point employee welcoming a newborn into their family," Kirk wrote on X.

Comcast

A spokesperson for Comcast confirmed to Business Insider that the company will be contributing to employees' Trump Accounts.

Chime

Chime announced in December that it would match the government's $1,000 contribution to employees' Trump Accounts.

"The launch of Trump Accounts aligns with our mission to unlock financial progress for everyday Americans by teaching financial health and education from a young age," CEO and cofounder Chris Britt said. "Supporting Chimers' long-term financial well-being is a core part of our employee benefits philosophy."

Continental Resources
Continental Resources Chairman And CEO Harold Hamm

Continental Resources, an Oklahoma-based petroleum and natural gas company, plans to contribute to employees' Trump Accounts.

"At my company, Continental Resources, we want to lead by example," Founder and Chairman Harold Hamm said in a video message at the "Trump Accounts" summit in February. "We encourage other companies to join us in working alongside the government to implement similar programs."

"We plan to do this in every state in which we operate, doing our part to give back and further build upon this program and leave a lasting legacy for the next generation," Hamm added.

IBM

A spokesperson for IBM confirmed to Business Insider that the company will contribute to employees' Trump Accounts.

The company isn't just matching the $1,000 contribution.

It's also pledging to contribute an additional $1,000 when parents invest $4,000 within 24 months of their child's birth or by July 2026, whichever comes later.

Intel

Intel announced in January that it would contribute $1,000 to employees' Trump Accounts.

"America's future technologists will define the next era of innovation, and the Trump Accounts program helps give them an early financial foundation," CEO Lip-Bu Tan said. "By matching the federal government's contribution, Intel is reinforcing our longstanding commitment to investing in our people and expanding the ways we support employees' families as they prepare for the future."

Mastercard

A Mastercard spokesperson confirmed to Business Insider that the company will "incorporate" Trump Accounts "into our benefit offerings for all US employees."

Robinhood

Robinhood, a trading and investment app, announced in December that it would match the federal government's $1,000 contribution.

"Our mission is to democratize finance for all and we're honored to help extend that mission to the next generation through this initiative," the company wrote in a post on X.

Russell Investments

Russell Investments, a Seattle-based firm, announced in January that it would contribute $1,000 to employees' accounts.

"Starting early helps to demystify investing," CEO Zach Buchwald said in a statement. "By matching government contributions to Trump Accounts, we're helping employees start investing for their children when compounding has the greatest impact."

State Street

State Street, a financial services company, announced in December that it would match the federal government's $1,000 contribution to employees' Trump Accounts.

"State Street believes in the power of investing and the importance of helping families build a secure financial future for their children," CEO Ron O'Hanley said. "By matching the US Treasury's contribution, we are giving the next generation a head start on saving and a stake in the American economy to harness the wealth-generation power of investing and plan for long-term financial health."

Steak 'n Shake

The burger chain Steak 'n Shake announced in January that it would provide its employees with an additional $1,000 for Trump Accounts.

"Steak n Shake has benefited from our country's prosperity, and we are committed to giving back to our communities and our country," the company wrote on X.

SoFi

SoFi Technologies announced in January that it would match the government's $1,000 contribution.

"When it comes to helping people get their money right, few things matter more than investing early, and nothing is earlier than day one," SoFi CEO Anthony Noto said in a statement at the time. "Opening the door for more Americans to invest early will unlock decades of compound growth and transform financial outcomes over a lifetime."

Uber

A spokesman for Uber confirmed to Business Insider that the ride-share company will be contributing to its employees' Trump Accounts.

"Uber is looking forward to participating in this program and building on the government's contribution for our employees," the spokesman said.

Visa

The credit-card giant Visa announced in December that it would contribute to employees' Trump Accounts.

"We plan to include these accounts in our benefits package for U.S. employees when they become available," the company wrote on X.

Visa has also said that it's working to allow cardholders to be able to deposit their rewards into the accounts.

JPMorgan Chase

Jamie Dimon, the CEO of JPMorgan Chase, announced in January that the bank would contribute to the accounts.

"By matching this contribution, we're making it easier for them to start saving early, invest wisely, and plan for their family's financial future," he said in the release.

Citi

Citi announced that it would contribute $1,000 to employees' Trump Accounts in an internal memo sent to employees in February and seen by Business Insider.

The company also said it would commit $5 million to "non-profit organizations that will create awareness of the program, encourage participation and support families in completing the steps necessary to open accounts."

"We're excited to play an active role in supporting the financial well-being of families across the US," the memo read.

BlackRock

The investment management firm BlackRock announced in December that it would match the federal government's $1,000 Trump Account contribution for its employees.

"BlackRock has long championed early childhood savings accounts and supported the policies that make them possible," the company said in a release.

Coinbase

The cryptocurrency exchange Coinbase announced in January that it would contribute to employees' accounts.

"Hopefully we can pay the $1k in Bitcoin," CEO Brian Armstrong said on X.

Bank of America

Bank of America announced it was joining the Trump Account initiative and matching the $1,000 contribution via an internal memo in January.

"We applaud that the federal government is providing innovative solutions for employees and families to plan for their future, and we welcome the opportunity to participate," the memo said.

Wells Fargo

A spokesperson for Wells Fargo confirmed to Business Insider that the company will contribute to employees' Trump Accounts.

Nvidia
Nvidia CEO Jensen Huang

Nvidia has said that it will contribute to employees' accounts, but it has not specified the contribution amount.

"Nvidia will proudly support this bold initiative by contributing to the accounts of our employees' children," CEO Jensen Huang said in a statement, according to Bloomberg.

Read the original article on Business Insider
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