Goldman Sachs announced Thursday that it will contribute $1,000 to Trump Accounts for eligible children of the bank's employees, matching the federal seed contribution.
The firm's one-time matching contribution will be made for employees with children born between 2025 and 2028, upon their enrollment in the program. This initiative aims to instill fundamental economic principles of savings and investing in younger generations, according to a company statement.
"Starting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security," said Goldman Sachs CEO David Solomon. "We have long been committed to the importance of savings and investment as a pathway to a more resilient financial future, and we’re proud to continue our support of this partnership and invest in the future of America."
Goldman Sachs joins a growing number of U.S. companies, primarily in the financial sector, that are participating in the Trump Accounts program. Firms such as Citi, JPMorgan Chase, Bank of America, and Vanguard have also committed to matching the $1,000 federal contribution for children born within the specified timeframe.
Separately, Michael and Susan Dell announced a donation of $6.25 billion to seed 25 million accounts for children aged 10 and under with $250 each, extending benefits to some children not eligible for the federal seed money.
Trump Accounts were established by the One Big Beautiful Bill Act, a package of tax cuts and reforms signed into law by President Trump. The accounts are designed to invest savings in low-cost index funds offering diversified exposure to the U.S. stock market. Parents and guardians can contribute up to $5,000 annually, and employers can contribute up to $2,500 per year without affecting an employee's taxable income.