The Trump Accounts initiative, announced in early June by First Lady Melania Trump and the U.S. Treasury Department, enables tax-advantaged accounts for eligible foster children with states opening accounts and annual contributions capped at $5,000 after-tax dollars. Twenty-five governors have pledged participation according to the U.S. Health and Human Services Department, and the White House reported $125 million invested in the first five days after the July 4 launch. The program relies on voluntary private contributions rather than direct federal funding.