00:00It's Benzinga bringing Wall Street to Main Street.
00:02IRS CEO Frank Bissignano has donated $250 each to Trump accounts for eligible children ages
00:10two to eight in his hometown Brooklyn zip code, according to CNBC. The contributions from the
00:16Bissignano Family Fund will be invested in a diversified index fund. The donation comes as
00:22the Trump administration expands access to the investment accounts, which are available to U.S.
00:27citizens under 18 with Social Security numbers. The Treasury Department recently auto-enrolled
00:33more than 60 million children, although families must activate their accounts to receive eligible
00:38contributions. Children born between 2025 and 2028 can also receive a one-time $1,000 government
00:46contribution. Elon Musk plans to give every child in America a share of SpaceX in 2027.
00:53Altimeter Capital CEO Brad Gerstner called Musk's gift the tip of the iceberg for philanthropic
01:00donations and has committed about $35 million to fund investment accounts for children in
01:05Indiana. For all things money, visit Benzinga.com.
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