Frank Bisignano Donates to Brooklyn Children's Trump Accounts

Frank J. Bisignano, the Commissioner of the Social Security Administration and CEO of the Internal Revenue Service, donated $250 to every child between the ages of two and eight living in the 11234 zip code of Brooklyn, New York. The contributions were made through The Bisignano Family Fund and deposited into Trump Accounts, which are tax-deferred investment vehicles that track top U.S. companies.

This private initiative follows a broader United States Department of the Treasury program to establish Trump Accounts for all eligible children with valid Social Security Numbers. The government currently manages nearly 70 million such accounts, with over 27 million containing contributions totaling nearly $9 billion.

Under the Treasury Department's guidelines, children born between January 1, 2025, and December 31, 2028, are eligible for a $1,000 seed contribution from the government, provided their parents or guardians activate the accounts.