Fox Corp. to match government’s $1,000 contribution to ‘Trump Accounts’

Fox Corporation announced that it will match the U.S. government’s one-time $1,000 contribution to the “Trump Accounts” children’s retirement savings account program for eligible U.S. employees. Scheduled to launch in July of this year, “Trump Accounts” are tax-advantaged investment accounts for American children designed to jumpstart their financial future. Through this pilot program, a contribution of $1,000 from the U.S. Treasury will be made into a specified account for every child born in the U.S. between January 1, 2025, and December 31, 2028. “This contribution match will help our employees provide a strong financial foundation for their children as they learn to save, invest and grow a healthy financial future,” said Lachlan Murdoch, Executive Chair and CEO, Fox Corporation.