Turning Point USA CEO Erika Kirk announced Wednesday that the organization will match the federal government’s $1,000 deposits into new “Trump Accounts” for the children of its employees, underscoring the group’s commitment to supporting working families and investing in the next generation.
In a post on the social platform X, Kirk said the initiative honors the legacy of her late husband, conservative activist and Turning Point co-founder Charlie Kirk, who frequently spoke about the importance of strong families and welcoming children.
“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.
“In that spirit, @TPUSA [Turning Point USA] and @TPAction_ [Turning Point Action] are honored to continue Charlie’s support of families through a company-sponsored dollar-for-dollar match of the federal government’s $1,000 contribution to the 503A ‘Trump Account’ established for every eligible employee’s newborn baby,” she added, referring to the Section 530A accounts.
“We’re proud to stand with @POTUS in supporting families and investing in the future of America,” Kirk concluded.
Under the program, the U.S. Treasury Department will contribute $1,000 to each Trump Account for children born between Jan. 1, 2025, and Dec. 31, 2028. According to the IRS, accounts are also available for children who will not turn 18 before the end of the calendar year in which their parents open an account.
Several major corporations—including BlackRock, Charles Schwab, and SoFi—have also announced plans to match the federal government’s $1,000 contribution for the children of their employees.
Parents can open a tax-free account for their child beginning this tax season via elections on IRS Form 4547. The accounts were created under the One Big Beautiful Bill Act, which President Donald Trump signed into law last July.
Starting July 5, individuals—including family members, friends, and other adults—may contribute up to a combined $5,000 per year to a child’s account. That annual limit will increase with inflation beginning in 2028. Employers of the child or the child’s parent may contribute up to $2,500 annually, which counts toward the $5,000 limit.
Charitable organizations and state governments are also permitted to contribute, and those donations do not count against the annual contribution cap.
Funds in the accounts must be invested in approved mutual funds or exchange-traded funds that track the S&P 500 or “another index of primarily American equities,” according to IRS guidance. The account becomes accessible on Jan. 1 of the year the child turns 18.
Speaking at a Treasury Department summit earlier Wednesday, President Trump said the accounts will give young Americans a meaningful financial foundation.
“At a Treasury Department summit earlier Wednesday, Trump said the accounts will help children ‘get a real start in life.’”
“Decades from now, I believe the Trump Accounts will be remembered as one of the most transformative policy innovations of all time,” the president predicted.
