Foster children in Georgia to be automatically enrolled in Trump Accounts

The governor’s office says eligible foster children born from 2025 through 2028 will be automatically enrolled to receive $1,000 from the U.S. Treasury.

ATLANTA (41NBC/WMGT) — Eligible foster children in Georgia will be automatically enrolled in new tax-advantaged investment accounts created under federal law, according to Gov. Brian Kemp’s office.

Kemp’s office says the accounts, called “Trump Accounts,” are part of First Lady Melania Trump’s “Fostering the Future Accounts” effort.

According to the governor’s office, U.S. children born between January 1, 2025, and December 31, 2028, are eligible to receive $1,000 from the U.S. Treasury into a Trump Account.

All eligible foster children in Georgia born during that timeframe will be automatically enrolled to receive the funding, according to Kemp’s office.

“Every Georgia child deserves opportunity and the ability to succeed, regardless of their circumstances,” Kemp said. “Ensuring foster children can receive the same benefits from these accounts as the rest of their peers is part of our unwavering commitment to supporting these young people, and I want to thank the president and his team for making this possible.”

The governor’s office says the accounts will track a stock index and become available for withdrawal when a child turns 18.

The Georgia Department of Human Services and the Division of Family & Children Services will work with federal officials, caregivers and community partners on the accounts while children are in state care.

“Children in foster care face unique challenges, and they deserve to know they can have a safe and secure future,” First Lady Marty Kemp said. “When they age out of the system, those challenges only become more difficult, especially when it comes to finances. By providing this critical foundation, we are helping them step into adulthood confidently and build the successful lives they so deserve.”

Georgia Department of Human Services Commissioner and DFCS Director Candice Broce said the accounts will provide financial support for foster children as they move into adulthood.

“Trump Accounts will truly change lives and provide critical financial assistance for foster kids moving into adulthood, and Georgia welcomes this opportunity to jumpstart our children’s financial success,” Broce said.

The governor’s office says the accounts are in addition to any Social Security survivor benefits foster children may receive.