Every child ages two to eight who lives in ZIP code 11234 in Brooklyn, N.Y., now has $250 in their Trump Account (530A), per an October 29 release from the IRS. The gift comes from The Bisignano Family Fund of Frank J. Bisignano, who grew up in Brooklyn's Old Mill Basin neighborhood and now serves as Commissioner of Social Security, chief executive officer of the IRS and Executive-in-Charge of Trump Accounts. Per the release, "The $250 donations are in each child's personal Trump Account today."
Who is covered
The release sets two tests: the child is "aged two to eight years old" and lives in ZIP code 11234. Bisignano named Marine Park, Mill Basin, Bergen Beach, and Flatlands as the neighborhoods that shaped him – but the gift is defined by the ZIP code, so the ZIP code on the child's address is what to check, not the neighborhood name.
Children in the federal $1,000 seed years – born 2025-2028 – are all younger than two today, so this gift reaches an older group than the seed does. Many of these children's families had no seed to claim and may never have looked at the account.
A few details are not in the release: how many children are covered, the date used to fix each child's age and address, and what happens if a family moves. A family whose child recently turned two or nine, or that moved into or out of 11234 around now, may want to look at the account directly rather than assume either way. The release does say that 11234 "ranks in the top one percent of zip codes ranked by population in the United States."
How to see the money
No application is mentioned. Per the release, Treasury created Trump Accounts this month for all eligible children with valid Social Security numbers, and the gift went into those accounts. Per the release, the $250 is "invested in a fund that tracks the performance of top U.S. companies, and able to grow tax-deferred throughout their lifetime."
To see the balance, a parent or guardian claims the child's account in the official Trump Accounts app. The IRS release says families "can follow the simple instructions in the app to claim their child's Trump Account, make contributions, and track investments," and that parents and guardians "need to activate their child's Trump Account for it to receive contributions from family, friends, and employers." Our reporting on claiming an account Treasury opened walks through those steps.
What it means for your own contribution room
The release does not say how the gift was structured. That detail decides whether it counts against the $5,000/yr limit on contributions to a child's account. Under Treasury's temporary regulations, a nonprofit's gift sits outside the limit when Treasury distributes it to a qualified class of children as a qualified general contribution – a class may be defined by geography and birth years – while a contribution a nonprofit makes directly to an account counts toward the $5,000 like a family's. For most families $250 leaves plenty of room either way. Our reporting on what counts toward the $5,000 limit has the full breakdown.
It may stack with the Dell gift
Children ages two to eight were born inside the Dell gift's birth years, which Invest America lists as 2016 through 2024. That gift went to children in ZIP codes with a median family income of $117,300 or less, per Invest America – so a child in 11234 may have both gifts if the ZIP code met that test. Our reporting on the Dell contributions covers how to check.
The program-wide numbers
The same release puts the program's size at "nearly 70 million total Trump Accounts," with "over 27 million accounts" holding contributions "totaling nearly $9 billion from families, friends, generous donors, and the U.S. government." On October 7, the White House said more than $4.5 billion had been deposited since the July 4 launch.
Bisignano said he hopes the gift "encourages others to support children in their communities." For organizations weighing a similar gift, Treasury runs an application for donors that give to a qualified class of children, and it is taking public comments on that application's paperwork through December 22, per an October 23 Federal Register notice.
Checking what applies to your child
The Brooklyn gift joins a growing list of private gifts, each with its own ages, places and income tests – our reporting on who has pledged money to Trump Accounts lays them side by side. Our Match and Bonus Finder at https://trumpaccounts.com/finder takes a child's age, state and ZIP code and shows which programs may apply.