Treasury asks for comments on the form charities use to fund Trump Accounts for whole classes of children
The application, approved on an emergency basis in July and set to expire Dec. 31, would be renewed without change. It lets 501(c)(3) organizations and governments pay into the accounts of every child nationwide, by birth year or by state. Comments are due Dec. 22.
Washington. The Treasury Department is asking for public comments, due Dec. 22, on the application that 501(c)(3) organizations and governments file when they want to pay into the Trump Accounts of a whole class of children. The notice appeared in the Federal Register on Oct. 23.
The form is not new. The Office of Management and Budget approved the Trump Accounts Qualified Class Contribution Application on July 2 under emergency procedures, after Treasury said it needed the form for the program's rollout beginning July 4. That approval runs only to Dec. 31, and its terms required Treasury to go through the usual notice and comment before then. The notice describes the request as an extension without change of a currently approved collection.
What the form asks
A qualified donor may be a 501(c)(3) organization, a state, a city or county government, the District of Columbia or an Indian tribal government; the form says it cannot be an individual, a family or a U.S. territory. The donor gives its name, address and employer identification number, an authorized representative, the amount it proposes and one class of children: every account holder in the country, a class the form calls the America 250 Fund; children born in calendar years the donor picks; or residents of the states it picks.
Money from different donors for the same class is pooled. Treasury pays it in equal shares to every child in the class who holds an account on a measurement date and is still in the account's growth period, which ends before the year the child turns 18. The form anticipates a one-time payment for each class. Donors pay Treasury by ACH or wire, may allow Treasury to recognize the gift publicly, and sign under penalty of perjury. Filing is not acceptance: an agreement is signed after Treasury's review.
Gifts to a smaller geographic area are not made on this form. Its instructions tell such donors to contact Treasury, with the contact left blank in the version OMB approved. Temporary regulations published Sept. 30 also allow a class that combines birth years with states or other areas and counts at least 5,000 children; the form does not list that choice, and the notice proposes no change. The same regulations say a 501(c)(3) organization furthers its exempt purposes by making such a contribution, directly or through a donor-advised fund, as the Herald reported on Oct. 14.
The estimate and what comes next
Treasury expects 100 applications a year, each taking about 30 minutes, or 50 hours in all, and asks among other things whether that estimate is accurate and how the form could be clearer. Comments go to Treasury's Paperwork Reduction Act clearance officer and will be summarized in Treasury's request to OMB for full approval.
About this story
501c3.help wrote this story from the sources listed with it, not from material an organization sent. Our editors approved it on Oct. 26, 2026. Stories in The Nonprofit Herald are free, and nothing is asked in return. Editorial rules.
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