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Brad Gerstner, Altimeter CEO, speaking with CNBC on Jan. 28th, 2026 in Washington, D.C.<\/p>\n
CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Altimeter Capital CEO Brad Gerstner announced Wednesday a commitment to seed\u00a0Trump accounts<\/a>, a type of\u00a0investment account<\/a>\u00a0for kids, for children in his home state of Indiana. <\/p>\n “I’m going to contribute dollars to kids in Indiana,” Gerstner, a hedge fund manager who helped spearhead the Trump administration’s savings initiative<\/a>, said Wednesday morning on CNBC<\/a>. He said the money is intended for children under five years old. <\/p>\n There are some 406,000 children younger than age 5 living in Indiana, according to the Census Bureau’s most recent population survey from 2024.<\/p>\n Gerstner also referenced his pledge at a summit on Wednesday with President\u00a0Donald Trump<\/a>\u00a0and Treasury Secretary Scott Bessent to promote Trump accounts, also known as Section 530A accounts. He did not offer additional details on the size of the donation or exactly who would qualify.<\/p>\n Gerstner joins billionaire hedge fund manager Ray Dalio<\/a> of Bridgewater Associates and\u00a0Michael Dell<\/a>, founder and CEO of\u00a0Dell Technologies<\/a>, and his wife, Susan, who previously announced pledges<\/a>.<\/p>\n “We have philanthropists that are going to claim every state,” Gerstner said Wednesday on CNBC.<\/p>\n<\/div>\n All children in the U.S. born between 2025 and 2028 already qualify for an initial $1,000 Trump account deposit from the Treasury, which parents can opt into when they open an account.\u00a0<\/p>\n Children 10 or under and\u00a0born before Jan. 1, 2025 \u2014 who wouldn’t qualify for the $1,000 initial seed money \u2014 could get a\u00a0$250<\/a>\u00a0contribution from the\u00a0$6.25 billion pledge<\/a>\u00a0made by Michael and Susan Dell.<\/p>\n The Dalio grant will fund $250 per child for eligible children in Connecticut.\u00a0That money will go to kids who live in a ZIP code where the median income is less than $150,000. About 87% of Connecticut ZIP codes meet that criteria, according to a CNBC analysis of Census Bureau data.<\/p>\n Other donors could announce similar gifts as part of the “50-state challenge,” Bessent said at a White House press conference last month.\u00a0<\/p>\n<\/div>\n