Story perspectives

Trump expands children’s stock accounts for wealthy donors

By Drooid · Oct 9, 2026, 11:46 PM UTC · How we work

Summary

Story summary

President Donald Trump lets wealthy donors place individual-company stocks into children’s Trump Accounts.
The rule permits donors to grant stock to groups of at least 5,000 children by age.
The administration auto-enrolled every eligible child, raising participation to over 70 million.
SpaceX President Gwynne Shotwell pledged Elon Musk’s company shares to millions of kids.
Analyst Catherine Rampell says donors offload stocks and claim tax deductions, risking breach of Congress’s index-fund limit.

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Story summary

President Donald Trump lets wealthy donors place individual-company stocks into children’s Trump Accounts.
The rule permits donors to grant stock to groups of at least 5,000 children by age.
The administration auto-enrolled every eligible child, raising participation to over 70 million.
SpaceX President Gwynne Shotwell pledged Elon Musk’s company shares to millions of kids.
Analyst Catherine Rampell says donors offload stocks and claim tax deductions, risking breach of Congress’s index-fund limit.