First lady Melania Trump and Treasury Secretary Scott Bessent said on June 11, 2026, that state, territorial and tribal child welfare agencies serving as legal guardians will be allowed to open Trump Accounts for eligible children in foster care under an initiative tied to the first lady’s “Fostering the Future” platform.
The Trump administration on June 11, 2026, announced new guidance intended to expand access to “Trump Accounts” for children in foster care when no parent or private guardian is available to open an account.
According to a Treasury Department press release, a child welfare agency of a state, territorial, or tribal government that is the legal guardian of an eligible child—who has a Social Security number and does not already have an account—may elect to open an initial Trump Account on that child’s behalf. The Treasury release describes the effort as part of first lady Melania Trump’s “Fostering the Future” initiative and says it is paired with financial literacy components.
The Daily Wire reported that the change could make roughly 400,000 foster children eligible for the accounts, citing federal estimates. The Associated Press, citing figures attributed to adoption and foster-youth organizations, described the foster-care population as roughly 330,000 children.
Both the Daily Wire and the Treasury Department said the accounts for eligible foster youth would qualify for the same one-time $1,000 Treasury contribution available under the broader program for U.S. citizen children born between Jan. 1, 2025, and Dec. 31, 2028.
Treasury’s announcement also said states would have flexibility to deposit federal survivor benefits into the accounts, though the department said those deposits would count toward the program’s annual contribution limit.
In public remarks cited by the Daily Wire and the Associated Press, Mrs. Trump said 23 governors had pledged to move forward with enrollment efforts; the AP reported she said those governors were Republicans. She urged other states to participate, saying, “Let’s put America’s children before politics.”
The Associated Press also reported that Trump Accounts are scheduled to open for contributions on July 4, 2026.
