Overview
- DealBook and other outlets report that officials discussed letting donors give company shares to the child investment program, while current Treasury guidance permits cash only and the White House told CNBC there are no new updates.
- If allowed, stock gifts could unlock big tax breaks for donors by enabling full-value charitable deductions and avoiding capital-gains taxes, and experts note Congress would likely need to amend Section 530A to permit non-cash contributions.
- Altimeter’s Brad Gerstner, who helped shape the program, said on X that all money would remain in a free S&P 500 index fund with no individual-stock trading, pushing back on claims that kids would directly hold single-company shares.
- The federal accounts for U.S. children launch July 4 with a $1,000 Treasury seed for babies born 2025 through 2028, and Treasury’s latest tally puts enrollment at about 5.5 million children with BNY Mellon and Robinhood serving as custodians.
- Funding efforts now include large private pledges such as Michael and Susan Dell’s $6.25 billion commitment and new state and employer matches, while the Labor Department says it is working with Treasury on ways to broaden employer contributions.