WASHINGTON, Oct 29 (Reuters) – Trump administration official Frank Bisignano, who serves as Internal Revenue Service CEO and as Social Security commissioner, said on Thursday he will donate $250 to each “Trump account” in his home ZIP code in the Brooklyn borough of New York City for children aged 2 to 8 years.
• In a statement issued by the IRS, Bisignano, the former CEO of payments and financial technology firm Fiserv, said the payments would be available immediately for eligible children in ZIP code 11234.
• The $250 donation adds to a $1,000 US Treasury contribution to accounts of children born from 2025 through 2028. The tax-deferred investment accounts were created by last year’s Republican-passed tax cuts.
• “This donation is an investment in the children of Brooklyn, giving them a boost in their personal wealth building journeys,” Bisignano said in the statement.
(Reporting by David Lawder in Washington; Editing by Matthew Lewis)
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