Secretary of Finance said Scott Bessent The “big announcements” are coming ahead of Wednesday’s White House summit on the “Trump Accounts.”

The program would provide $1,000 in federally funded investment accounts to every U.S. citizen born between 2025 and 2028, with the potential for the accounts to grow significantly over time. Bessent said additional states and philanthropists will be announced at the event.

“We’re going to have some big announcements today about some very important states from some big philanthropists who have adopted their states,” Bessent said on “Fox & Friends” on Wednesday.

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Treasury Secretary Scott Bessent, left, and Trinidadian rapper-singer-songwriter Nicki Minaj listen as President Donald Trump delivers remarks on the “Trump Accounts” in Washington, DC, on January 28. (Brendan Smialowski/AFP via Getty Images/Getty Images)

He noted that 500,000 families have already signed up, with about 25 million eligible across the country.

So far, both JPMorgan Chase and Bank of America have released statements saying they will match the US government’s contribution to the new retirement accounts of eligible employees.

Rapper Nicki Minaj is reportedly planning to contribute up to $300,000 to help fund Trump’s fan accounts.

she wrote earlier this month at X, “Early financial literacy and financial support for our children will give them a huge head start in life.” Minaj added that the show makes her “very happy.”

Bessent said bipartisan support for the bills “speaks to it President Trump and the coalition he has assembled.”

Among the first to contribute to the accounts was Dell Technologies CEO Michael Dell. He and his wife, Susan Dell, contribute $6.25 billion to the program.

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the White House said Dell’s contribution will provide a $250 deposit to 25 million children age 10 and younger who were born before 2025 and live in zip codes with a median household income of less than $150,000.

Treasury Secretary Scott Bessent speaks during the Trump Accounts Launch Summit in Washington, DC on January 28. (Getty Images)

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Bessent said citizens can’t access the accounts until they’re 18, at which point the funds could help pay for a first car, house or college. He added that the money could also be invested in a retirement account and used to supplement Social Security.

The “Trump Accounts” website. says the program will launch on July 5 and aims to give kids “a big head start on the American dream.”