India, July 3 -- The U.S. Department of the Treasury has announced that it will accept large philanthropic contributions of readily tradable public company stock to support Trump Accounts. This announcement comes ahead of the formal launch of Trump Accounts on July 4, U.S. Independence Day.
Under the new process, eligible philanthropic contributors may transfer approved publicly traded stock to Treasury. The stock will be contributed to Trump Accounts for eligible children consistent with the donor's instructions, applicable law, and Treasury guidance.
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