Brad Gerstner, the founder and CEO of Altimeter Capital, developed the brilliant idea of the new Trump Accounts – the investment vehicles for young children that were created in the One Big Beautiful Bill.

We believe these accounts will help democratize savings and stock ownership, but they also have a chance to reshape philanthropy. On his podcast, Gerstner explained the changes Trump Accounts could make.

If you want to give away $6 billion, okay and you have to give it away today how do you do it?  You give it to a charity and then the charity somehow gives it to kids. But how much actually makes it to the kids and how do you track what makes it to the kids? …

So for the first time we have a direct giving platform where these folks can give away billions and billions of dollars at scale. They know it goes directly into the kids’ accounts. Nobody’s taking a scrape in the middle, and it’s going to compound according to the rules that have been promulgated, which means that the kids can’t take their money out, right, until they’re 18.

And then at 18, they can only use it, a part of it, to buy a home, start a business, go to school, or it rolls into the IRA retirement rules… It’s universal ownership, private accounts from birth…

Proving Gerstner’s adopt a state scenario, Ray and Barbara Dalio yesterday stepped up to fund accounts for kids in Connecticut:

If this trend takes off, many left-wing financial managers who direct or influence the savings and charitable giving of wealthy entrepreneurs and families may no longer be in the business of spending other people’s money on “woke” causes.