Eligible newborns in foster care can participate in “Trump Accounts.”
First Lady Melania Trump announced the launch of Fostering the Future Accounts this week alongside Treasury Secretary Scott Bessent. The Treasury Department-backed initiative will provide a one-time $1,000 contribution for eligible newborns in foster care.
“For the first time, children in foster care will have access to a dedicated savings and investment vehicle, ‘Fostering the Future Accounts,’” the first lady said. “America can offer services, help, and protection, but real freedom means being able to make independent choices about your own future.”
Mrs. Trump continued, “Fostering the Future Accounts give foster children the same chance for asset ownership and long-term wealth building as every other American child. By investing in our foster youth now, we help strengthen America’s workforce, communities, and economic future.”
The White House reported that 23 governors have pledged to set up these savings accounts for foster children in their states. The Trump Account program was established under the 2025 One Big Beautiful Bill to provide a financial beginning for children born between 2025 and 2028.
As the Lord Leads, Pray with Us…
- For First Lady Melania Trump as she advocates for children, particularly those in foster care.
- For Secretary Bessent to be discerning in his management of the Treasury Department and administration of the Trump Accounts.
- For state governors and foster care officials as they set up the savings accounts for infants in the foster care system.
Sources: Daily Wire, MSN, Newsweek
