Major S&P 500 company pledges $1,000 per child

Group 1 - Robinhood Markets has committed to contributing $1,000 to Trump Accounts for eligible children of its employees as part of its mission to democratize finance [1] - The Trump accounts program is part of the Working Families Tax Cuts provision of the One Big Beautiful Bill Act signed into law by President Trump on July 4 [2] - The account is designed for children under 18 with a valid Social Security number, with contributions from the U.S. Treasury for eligible children born between January 1, 2025, and December 31, 2028 [3] Group 2 - Employers can contribute up to $2,500 annually to a Trump Account without it being taxable income for the employee, with funds required to be invested in specific mutual funds or ETFs tracking U.S. stock indices [4] - The Trump Accounts will officially launch on July 4, 2026 [5] - The initiative is described as pro-family, aiming to help millions of Americans leverage economic strength for future generations, with contributions also allowed from nonprofit organizations and local governments [6]