Key facts
- IRS CEO Frank Bisignano is donating $250 to Trump Accounts for children aged 2-8 in Brooklyn's 11234 ZIP code.
- The donation is from The Bisignano Family Fund.
- Trump Accounts are tax-deferred investment accounts tracking top US companies.
- Children born between 2025 and 2028 are eligible for a $1,000 US Treasury seed contribution.
- Nearly 70 million Trump Accounts exist, with over 27 million currently holding nearly $9 billion in contributions.
Internal Revenue Service CEO Frank Bisignano announced on Thursday, October 29, 2026, that he will donate $250 to each "Trump account" for children aged 2 to 8 residing in his childhood ZIP code of 11234 in Brooklyn, New York. The donation, made from The Bisignano Family Fund, aims to boost personal wealth building journeys for the children.
This $250 contribution is in addition to a $1,000 US Treasury contribution provided to accounts for children born between 2025 and 2028. These tax-deferred investment accounts, known as Trump Accounts, were established by last year's Republican-passed tax cuts. Bisignano, who also serves as Social Security commissioner and is the Executive-in-Charge of Trump Accounts, highlighted that these accounts are designed to grow with the US economy and provide a strong financial foundation for future generations.