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A LIVING REFERENCE
THE BARATELLI INSTITUTE · A LIVING REFERENCE

Every Trump Accounts Contributor, December 2025 to Today

The Giving Pledge equivalent for children's capital accounts — every announced commitment on one filterable page.

Trump Accounts are the federally-created investment accounts for children under 18 authorized in the 2025 federal tax package. Treasury seeds $1,000 for each child born between January 1, 2025 and December 31, 2028 — and nothing for any child born before that window. Every large private commitment on this page exists to close that one gap. Michael and Susan Dell put $6.25 billion behind it on December 2, 2025; Ray and Barbara Dalio followed on December 17, 2025 with a single-state version in Connecticut; the Brad Gerstner Family Foundation applied the same template to Indiana on September 22, 2026. The Invest America program, launched July 4, 2026 and founded by Altimeter Capital's Brad Gerstner, is a separate channel for cash and appreciated-stock gifts. This page catalogs every publicly announced private contribution from the first one forward: contributor, affiliation, approximate amount, contribution form (cash vs. stock), target beneficiary demographic, and announcement source. It is intentionally a living reference — the story is fast-moving and each new row is added as it is verified, with corrections printed rather than quietly swapped. Nothing here is investment or philanthropy advice; this is a fact-checkable practitioner reference for a specific question — who is committing what, and on what terms?

Dec 2, 2025–TodayCoverage period
4+Contributors cataloged
LivingUpdated as commitments announced
FreeNo paywall, ever
Jul 6, 2026Published
Sep 23, 2026Last corrected

How to use this page

Ten columns. Announcement date. Contributor name (households listed as one row where the contribution was announced jointly). Business affiliation. Approximate USD amount at the time of the announcement. Contribution form — cash, stock (with the specific issuer identified), or combined. Target beneficiaries — the age range, geographic focus, and household-income focus specified in the announcement, where disclosed. Program vehicle — whether the gift moves through the Invest America program, is a direct Trump Account gift, or is a related-program contribution. Announcement source. Distinctive notes. Verification status.

Sort and filter. Click any column header to sort. Use the affiliation type, contribution form, and verification-status filters to isolate a slice. The search box matches contributor names, affiliations, and note text.

Contribution form matters. Cash contributions are simple — a dollar amount flows into Trump Accounts on behalf of the specified beneficiaries. Stock contributions raise structural questions the reader should note: the reported amount is the current valuation of the shares, which for private-company stock (SpaceX, most notably) is a marked value that will move with subsequent primary and secondary transactions. Where a commitment is reported in stock, the Institute reports the reported value at announcement without further mark-to-market.

Verification status. A VERIFIED flag means the Institute located an on-record confirmation of the contribution (a formal press release, an official Invest America program communication, or a first-party X post from the contributor). An APPROXIMATE flag means the commitment has been publicly reported but the Institute has not confirmed a first-party on-record source at the time of this catalog. As the story develops, rows will graduate from Approximate to Verified — or be corrected. This is the honest way to run a fast-moving tracker.

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The complete Trump Accounts contributor history · Invest America program · 2026

Every publicly announced private contribution to Trump Accounts, from the first on December 2, 2025 to today. Sortable by date, amount, affiliation, and verification status. Search by contributor name (Michael Dell, Ray Dalio, Gwynne Shotwell, Brad Gerstner), by affiliation (SpaceX, Dell Technologies, Dalio Philanthropies, Altimeter Capital), by geography (Indiana, Connecticut), or by contribution form (cash vs. stock). Every row is a fact-checkable reference. This is a living dataset — updated whenever a new commitment is announced.

Date Contributor Affiliation Amount Form Target beneficiaries Vehicle Source Notes Verif.

Analytical roll-ups

Roll-ups reflect the contributors cataloged in the table above. Where a commitment amount is approximate, it is included in the count-based roll-ups and in the dollar totals with an "approx" flag. Dollar figures are directional; the point is to convey the scale of the private-contribution pool being assembled around the Invest America launch.

Total committed to date

Sum of all announced private commitments to Trump Accounts, from December 2, 2025 forward. Includes both cash and stock contributions. Stock contributions are counted at the reported valuation at time of announcement and are not remarked afterward. Two figures in this total are the Institute's arithmetic rather than reported totals — the Gerstner Gift at 140,000 children x $250, and the Dalio commitment where the donor stated a floor of $75 million. Both are floors, so the total is a floor.

Distribution by contribution form

Cash vs. stock. The pattern to watch: whether the largest commitments arrive as cash (straightforward) or as appreciated equity (tax-efficient for the donor, mark-to-market exposure for the beneficiary accounts).

Distribution by affiliation type

One tech founder-CEO household accounts for roughly 93% of the dollars on this record, which makes the count-based distribution below a poor guide to where the money is. The more useful read is that financial-sector commitments now outnumber tech ones by contributor count while trailing far behind by dollars — the Dalio and Gerstner gifts are single-state, and the open question is whether a second commitment at Dell scale ever arrives.

Geographic beneficiary focus

The record has split into two shapes: one national commitment covering 25 million children, and a growing set of single-state gifts — Connecticut, Indiana, and a central-Texas emphasis — each seeded by a donor with a personal tie to the state. Gerstner explicitly framed the Indiana gift as a template other state-level philanthropists could copy, and the Dalio gift proved the mechanism first. Roll-up reflects contributor-specified geographic emphasis, not the ultimate distribution pattern.

HOW TO CONTRIBUTE

Adding your name to the Invest America contributor record

The Invest America program is the primary intake channel for private contributions to Trump Accounts on behalf of specific beneficiary children or pooled groups of beneficiaries. Contributions are being accepted in cash and in appreciated stock (public or private), with an announced program preference for directing gifts to children ages 11 through 17 in lower-income households. Contributors interested in participating should consult the Invest America program's official communications for the current intake process, minimum contribution thresholds, and beneficiary-designation options.

The Baratelli Institute maintains this record as an independent, educational reference. To flag a new commitment for inclusion in the tracker — whether you are the contributor, a program representative, or a member of the press — the Institute welcomes corrections and additions at the contact link in the footer. The standard for inclusion is a first-party on-record source (contributor's own statement, program confirmation, or verified filing).

This section is informational. The Baratelli Institute is not affiliated with the Invest America program, is not a participating contribution intake channel, and does not accept or forward contributions. This is a Lowe v. SEC publisher-exception publication; no investment or philanthropy advice is being given.

Related reading in the Institute library

The Institute's practitioner-grade case work on the two most-cited affiliated companies, plus the companion living reference set.

CASE MEMO SpaceX · the post-IPO scorecard The S-1 reading published 24 hours after filing, now graded against the first Form 10-Q. Context for the Shotwell household's SpaceX-stock contribution to Trump Accounts on July 4, 2026. CASE MEMO Dell · the LBO teaching case Michael Dell's 2013 take-private of Dell Technologies — the ~$4.6B equity check that compounded to roughly $202B by 2026. Context for the Dell contribution to Trump Accounts. FREE READ Every Child an Investor The Institute's household-scale companion to the Trump Accounts thesis. Invest early, leave it to compound — the reader-side version of what the Invest America program is doing at donor scale. COMPANION REFERENCE Every Berkshire Hathaway Acquisition, 1965 to Today The flagship Living Reference. Read alongside the Trump Accounts tracker to see two contrasting long-horizon capital records — the Berkshire compounding architecture and the emerging Invest America donor record. COMPANION REFERENCE Every LVMH Acquisition, Boussac to Today The companion Living Reference on the continental-European family-controlled compounder. Sits with Berkshire and the Trump Accounts tracker in the Institute's Living Reference cluster. COMPANION REFERENCE Every Carlos Slim Acquisition, 1981 to Today The Latin American compounder Living Reference. Third in the companion set that opened with Berkshire and LVMH. HUB All case studies The full worked-case library, where the SpaceX and Dell case studies live. HUB The Free library Every free tool, guide, and reference on the site. The Trump Accounts tracker is one of the newest free references in the collection.

Educational reference. Not investment advice. Not philanthropic advice. Not a solicitation. This tracker is an independent educational reference and is not affiliated with, endorsed by, sponsored by, or connected to the Invest America program, the federal Trump Accounts program administration, or any named contributor. The Baratelli Institute publishes under the Lowe v. SEC publisher exception; neutral positioning maintained throughout. Contribution amounts, announcement dates, and beneficiary demographics cited in this catalog are drawn from publicly available announcements (first-party X posts, press releases, and contemporaneous press coverage). Where a specific figure is not yet confirmed by a first-party on-record source, the row is flagged "Approximate" rather than fabricating precision. Corrections and updates are welcomed at the contact link in the footer.

“The first days of a new program are when the record is either honest or it isn't. This one is honest — flagged where the sources are, flagged where they aren't.”