IRS CEO Funds Trump Accounts
Oct 30, 2026
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It's Benzinga, bringing Wall Street to Main Street.
IRS CEO Frank Bisignano has donated $250 each
to Trump accounts for eligible children ages 2 to 8
in his hometown Brooklyn zip code, according to CNBC.
The contributions from the Bisignano Family Fund will
be invested in a diversified index fund.
The donation comes as the Trump administration expands access
to the investment accounts,
which are available to U.S. citizens under 18
with Social Security numbers.
The Treasury Department recently
auto-enrolled more than 60 million children,
although families must activate their accounts
to receive eligible contributions.
Children born between 2025 and 2028 can also receive a one-time,
$1,000 government contribution.
Elon Musk plans to give every child
in America a share of SpaceX in 2027.
Altimeter Capital CEO Brad Gerstner called Musk's gift
the tip of the iceberg for philanthropic
donations and has committed about $35 million
to fund investment accounts for children in Indiana.
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