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

As asset funders, 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.

Please Join Asset Funders Network and their co-sponsors for a funders briefing focused on early childhood investment vehicles with a clear focus on how 530A accounts are adding to or changing the field. Join us as we provide an expert briefing and Q & A period 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?

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

Supported by Annie E. Casey Foundation, presented in partnership with Economic Opportunity Funders, Tax Equity Funders Network, and Early Childhood Funders Collaborative.

Related Resources:

•  530A Account Roll-Out: A Funder’s Guide, a new resource from Asset Funders Network, in partnership with the Annie E. Casey Foundation, to help funders understand how 530A Accounts (Trump Accounts) reach the low- and moderate-income children who stand to benefit most.  With contributions set to begin in July 2026, funders have a unique opportunity to help shape one of the most significant federal investments in early wealth building in decades. The guide offers a practical roadmap for how philanthropy can act now and in the months ahead to help maximize the impact and potential reach of this new early wealth-building tool.
• Trump Accounts are Law. Now What Comes Next Matters Most. (Aspen Institute Financial Security Program)
• Every child deserves a Trump Account: Here’s how to make it happen (The Hill)
• IRS Notice of intent to issue regulations, Q and A
• Form4547(draft) and instructions Spanish
• Form 4547(draft- instructions)