Trump Accounts (530A Accounts) & Early Asset Building: Funder-Only Briefing

As funders interested in improving economic security and opportunity, we know that starting early – in childhood – is the best way to create wealth and savings. That’s why we continue to pay close attention to proposals—and confusion— about child-focused savings and asset creation tools. While often discussed interchangeably, today’s child-focused accounts differ significantly in their goals, funding, eligibility criteria, tax-exempt status, usage and more.

530A accounts, formerly known as Trump Accounts or MAGA accounts, have added to both the momentum behind children’s savings vehicles and growing confusion. Whether your funding priorities focus on education, health, economic security, economic justice or asset-building, understanding the similarities, differences and nuances is essential in this changing landscape.

Join us for a funders briefing on early childhood investment vehicles with a focus on how 530A accounts are adding to or changing the field. This expert briefing and Q & A period are designed to answer the following:

What distinguishes 530A accounts from existing early childhood savings tools—and where are the areas of overlap?
What unanswered questions still remain about these accounts?
How can funders best prepare for the rollout of 530A accounts to advance equity and wealth building?
How do 530A accounts fit into funders’ broader goals for early childhood savings and investment, including strategies such as Baby Bonds, 529s, and a strengthened social security net still?
How can we work together to best align these accounts and other tools to realize our shared goal of equitable wealth building?

Guest Speakers: Ray Boshara, Senior Policy Advisor, Center for Social Development, Washington University in St. Louis, Senior Fellow, Financial Security Program, Aspen Institute. A full speaker list is still under development.

This program is open to staff of charitable foundations, philanthropic
infrastructure organizations, and consultants to philanthropy working for member foundations.

Meeting Materials