TRUMP ACCOUNTS (2 of 2)
01.Core Concepts
• Types of contributions can be made to Trump accounts: 1. Pilot program contribution to an eligible child from the federal government of $1,000, 2. Qualified general contributions (from nonprofit institutions and government entities; must be for a specified class of beneficiaries and funds must be distributed pro-rata to the beneficiary group), 3. Qualified rollover contributions, 4. Employer contributions (discussed in Chapter 5), and 5. Contributions from other sources.