Bisignano says $250 will be added to Brooklyn children’s Trump Accounts

Bisignano’s Brooklyn donation

BKReader reports that Frank J. Bisignano, a Brooklyn native and the head of the U.S. Social Security Administration, has announced a $250 contribution to Trump Accounts for eligible children living in his former neighborhood. The donation is being made through The Bisignano Family Fund.

Who the contribution is for

According to the article, the money is intended for children ages 2 to 8 who live in ZIP code 11234. That area includes Mill Basin, Marine Park, Bergen Beach and Flatlands. The announcement was made on Oct. 29, 2026.

How the accounts are being funded

BKReader says each qualifying child’s individual investment account is receiving a $250 contribution. The article states that the money has already been deposited and invested in a fund that follows the performance of leading U.S. companies. It adds that the accounts are structured for long-term savings, with investment growth deferred from taxation under the program’s rules.

Bisignano’s remarks and Brooklyn ties

Bisignano said, “Brooklyn is home for me,” and said his life was shaped by the people, schools and neighborhoods in Marine Park, Mill Basin, Bergen Beach and Flatlands. He described the donation as an investment in Brooklyn children and said it is meant to support their personal wealth-building efforts. The article says he grew up in Old Mill Basin.

Program context and other eligibility details

The report says the contribution is part of the broader Trump Accounts program, which provides investment accounts for eligible children nationwide. It also notes that children born between Jan. 1, 2025 and Dec. 31, 2028 may qualify for a separate $1,000 seed contribution from the U.S. Treasury, subject to program requirements. BKReader says parents and legal guardians must activate the accounts for children to receive contributions from family members, friends and employers.