SpaceX Chief Operating Officer Gwynne Shotwell said she will donate more than 2 million shares of SpaceX stock to fund children’s "Trump Accounts." According to her statement, the first batch of donated shares is now being transferred into a custodial account and is expected to be distributed in December. The initial group of beneficiaries includes children ages 11 to 17 living in ZIP code areas where median household income does not exceed $57,000, as well as children in areas with populations too small to calculate a median household income. Families tied to that first round are expected to receive notice by Monday. Shotwell also said additional donations will be finalized in the coming weeks. Those are set to cover children ages 11 to 17 in families of service members stationed overseas, foster children, and more children living in counties around SpaceX’s Texas headquarters where median household income does not exceed $90,000. She thanked the U.S. Treasury Department, the Internal Revenue Service, the Michael & Susan Dell Foundation and related teams for supporting the project.
SpaceX Chief Operating Officer Gwynne Shotwell said she will donate more than 2 million shares of SpaceX stock to provide funding for children’s "Trump Accounts."
Shotwell said the first batch of donated shares is currently being transferred into a custodial account and is expected to be distributed in December.
The first group of beneficiaries includes children ages 11 to 17 who live in ZIP code areas where median household income does not exceed $57,000, along with children in areas where the population is too small to calculate median household income. Families connected to that group are expected to receive notice by Monday.
She also said additional donations will be finalized in the coming weeks. That next round is set to cover children ages 11 to 17 in families of service members stationed overseas, foster children, and more children living in counties around SpaceX’s Texas headquarters where median household income does not exceed $90,000.
Shotwell also thanked the U.S. Treasury Department, the Internal Revenue Service, the Michael & Susan Dell Foundation, and related teams for supporting the project.
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