{"id":33212,"date":"2026-06-12T10:42:38","date_gmt":"2026-06-12T10:42:38","guid":{"rendered":"https:\/\/trendifyhubusa.com\/index.php\/2026\/06\/12\/the-presidents-trump-accounts-didnt-initially-plan-for-foster-kids-until-the-first-ladys-office-stepped-in\/"},"modified":"2026-06-12T10:42:38","modified_gmt":"2026-06-12T10:42:38","slug":"the-presidents-trump-accounts-didnt-initially-plan-for-foster-kids-until-the-first-ladys-office-stepped-in","status":"publish","type":"post","link":"https:\/\/trendifyhubusa.com\/index.php\/2026\/06\/12\/the-presidents-trump-accounts-didnt-initially-plan-for-foster-kids-until-the-first-ladys-office-stepped-in\/","title":{"rendered":"The president\u2019s Trump Accounts didn\u2019t initially plan for foster kids \u2014 until the first lady\u2019s office stepped in"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<div data-editable=\"aiSummary\" class=\"article__ai-summary-wrapper\">\n<div data-uri=\"cms.cnn.com\/_components\/ai-article-summary\/instances\/cmqa3ch2s000n3b6rrc2mv1tq@published\" class=\"ai-article-summary hidden  \" data-article-gutter=\"true\" data-selector-brand=\"accent-ai\">\n    <button class=\"ai-article-summary__toggle\"><br \/>\n        <strong class=\"ai-article-summary__title\"><br \/>\n            <span class=\"ai-article-summary__stars-icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\">\n    <path d=\"M16.7322 12.6297L14.7237 12.0545C13.8192 11.7989 12.9952 11.315 12.3307 10.6491C11.6662 9.98311 11.1834 9.15741 10.9284 8.25095L10.3544 6.23807C10.3255 6.16765 10.2764 6.10741 10.2133 6.06502C10.1502 6.02263 10.076 6 10 6C9.92403 6 9.84978 6.02263 9.78667 6.06502C9.72357 6.10741 9.67446 6.16765 9.6456 6.23807L9.07163 8.25095C8.81662 9.15741 8.33377 9.98311 7.66926 10.6491C7.00476 11.315 6.18084 11.7989 5.27634 12.0545L3.26781 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5.89811C19.9474 5.87064 19.9183 5.85069 19.8852 5.84129Z\" fill=\"currentColor\"\/>\n<\/svg><br \/>\n<\/span><br \/>\n            <span>Summary<\/span><br \/>\n        <\/strong><br \/>\n            <span class=\"ai-article-summary__toggle-caret-up\" aria-label=\"Toggle Article Summary\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-ui-caret-up\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\"><path d=\"M12.478 6.21a.637.637 0 00-.946 0L2.206 16.229c-.225.243-.28.633-.093.91.237.355.7.385.975.089l8.917-9.579 8.878 9.537c.225.243.589.301.847.101a.721.721 0 00.082-1.048L12.478 6.211z\"\/><\/svg><br \/>\n<\/span><br \/>\n            <span class=\"ai-article-summary__toggle-caret-down\" aria-label=\"Toggle Article Summary\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-ui-caret-down\" width=\"24\" height=\"24\" viewbox=\"0 0 24 24\"><path d=\"M12.478 17.218a.637.637 0 01-.946 0L2.206 7.2c-.225-.242-.28-.632-.093-.91a.613.613 0 01.975-.088l8.917 9.579 8.878-9.538c.225-.242.589-.3.847-.1.33.255.357.752.082 1.048l-9.334 10.027z\"\/><\/svg><br \/>\n<\/span><br \/>\n    <\/button><\/p>\n<div class=\"ai-article-summary__collapsible\">\n<ul class=\"ai-article-summary__items\" data-editable=\"settings\">\n<li class=\"ai-article-summary__item\">First lady Melania Trump unveiled updated guidance allowing state child welfare agencies to open Trump Accounts for foster youth.<\/li>\n<li class=\"ai-article-summary__item\">Child welfare advocates raised concerns that foster children would be excluded from the program due to unclear guardian requirements.<\/li>\n<li class=\"ai-article-summary__item\">So far, 23 states led by Republican governors have opted into the new program.<\/li>\n<\/ul>\n<p>\n            <span class=\"ai-article-summary__disclaimer-text\">AI-generated summary was reviewed by a CNN editor.<\/span><\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa31lwa000x28p19rnfa8wq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            After President Donald Trump unveiled his signature <a href=\"https:\/\/www.cnn.com\/2026\/02\/09\/business\/parents-trump-accounts-kids-faq\" target=\"_blank\" rel=\"noopener\">Trump Accounts <\/a>earlier this year, child welfare advocates realized it would be challenging, if not impossible, for one eligible group of children to access the IRA-style savings accounts.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e00053b6re31h85ep@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The accounts must be opened by an \u201cauthorized individual,\u201d<strong> <\/strong>who is most typically<strong> <\/strong>a parent or other family member named as a legal guardian. But it wasn\u2019t clear what that might mean for children in foster care who may have a rotating cast of legal guardians.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e00063b6rcrcst2jn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cFoster youth would have been left out. What would it have meant if you come into care? Who\u2019s your custodian? Who signs up? Who is going to open the account for you? What does it look like if you go back home?\u201d said Sixto Cancel, the founder and CEO of child welfare advocacy group Think of Us.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e00073b6rrwqhjw1h@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Cancel raised the issue with the office of first lady Melania Trump, who in her second term has used her platform, in part, to shine a spotlight on children in the foster care system, working on legislative and other efforts to support a long-marginalized group.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e00083b6rnezhokxq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Immediately, Cancel said, Trump\u2019s office \u201cjumped into action\u201d and \u201cresponded with \u2018how can they help?\u2019 and pulling people together.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e00093b6rojaudsdr@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            On Thursday, after months of coordination between her office, state governments and the Treasury Department, the first lady formally unveiled \u201cFostering the Future Accounts,\u201d offering updated guidance that allows state child welfare agencies and foster youth representatives to set up the accounts for children in foster care.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000a3b6rbjq1550t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Trump, who typically keeps a low public profile, appeared at the Treasury Department to make the announcement alongside Treasury Secretary Scott Bessent.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000b3b6rlaltwec8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Approximately 400,000 American youth live in foster care, <a href=\"https:\/\/www.ed.gov\/teaching-and-administration\/supporting-students\/special-populations\/students-foster-care\/students-in-foster-care\" target=\"_blank\" rel=\"noopener\">according<\/a> to the US Department of Education.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000c3b6r0j5tbjkw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            One in five of those children, Bessent said on Thursday, could experience homelessness as they age out of the system, and only half \u201cobtain gainful employment by the time they turn 24.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000d3b6r3c55tlna@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The accounts, which officially launch July 4, are open to any child who is a US citizen with a valid Social Security number. For the regular Trump Accounts, children born between January 1, 2025, and December 31, 2028, may receive a one-time, $1,000 pilot contribution from the federal government.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000e3b6re05pq1g9@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But child welfare agencies cannot receive that $1,000 pilot contribution for children in foster care. Instead<strong>,<\/strong> a parent or foster parent can elect to have the child\u2019s account receive that contribution if they anticipate the child will be their \u201cqualifying child,\u201d<strong> <\/strong><a href=\"https:\/\/www.irs.gov\/forms-pubs\/update-to-form-4547-for-state-territorial-and-tribal-child-welfare-agencies\" target=\"_blank\" rel=\"noopener\">according to the Internal Revenue Service<\/a>. States can also deposit federal survivor benefits into these accounts, along with unobligated Temporary Assistance for Needy Families funds.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000f3b6r37e2kxox@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            When they turn 18 years old, the first lady said in her Thursday remarks, those children will be able to access the money in the account. She called it a \u201cfirst step toward personal independence.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000g3b6ryrooz78w@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            So far, 23 states \u2014 all with Republican governors \u2014 have opted in to the program, with efforts from advocacy groups and the office of the first lady underway to get the remaining states on board, according to Melania Trump\u2019s office. The Treasury Department is providing extra guidance and support to the state welfare agencies on how to maximize the benefit, Bessent said.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000h3b6rdn1x6fz0@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            For Cancel, who was once part of the foster care system himself, Thursday\u2019s announcement marks an important step that could serve as a lifeline.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmqa33x2e000i3b6r3j1td56g@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cTo have that as a high schooler \u2014 to think, \u2018I can use that to get an apartment\u2019 \u2014 brings you a peace of mind that is unexplainable,\u201d he said.\n    <\/p>\n<\/p><\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary First lady Melania Trump unveiled updated guidance allowing state child welfare agencies to open Trump Accounts for foster youth.<\/p>\n","protected":false},"author":1,"featured_media":33213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_animmysite_disable_animation":false,"fifu_image_url":"https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/gettyimages-2281119130.jpg?c=16x9&q=w_800,c_fill","fifu_image_alt":"","footnotes":""},"categories":[212],"tags":[],"class_list":["post-33212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending-news"],"_links":{"self":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/33212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/comments?post=33212"}],"version-history":[{"count":0,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/33212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media\/33213"}],"wp:attachment":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media?parent=33212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/categories?post=33212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/tags?post=33212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}