News, Fox Corp. to match federal contribution to ‘Trump Accounts’
The Hill
by Dominick MastrangeloFebruary 19, 2026
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Fox Corp., owned by media mogul Rupert Murdoch, has announced plans to match the U.S. government’s $1,000 contribution to Section 530A accounts—informally known as “Trump Accounts.” These accounts are part of a federal initiative aimed at providing financial support for children across the country to help achieve their educational and career goals, referred to by the administration as a way to “jumpstart the American Dream.” Starting in July, eligible U.S. employees of News Corp. and Fox Corps., including journalists and other staff, will have the opportunity to contribute their own funds alongside the government’s $1,000 match.
This program, officially called Section 530A of the Internal Revenue Code, allows parents or guardians to establish savings accounts for children under the age of 18. Contributions are tax-deductible, and the earnings within these accounts grow tax-free if used for qualified education expenses. The initiative was introduced as part of former President Donald Trump’s administration and has been championed by conservative critics as a way to promote financial independence and educational opportunities for American youth.
The move by Fox Corp. is significant because it aligns with a broader trend among businesses to support policies tied to Republican leadership, including those associated with the Trump era. By matching the government’s contribution, the company is offering its employees an additional benefit that not only helps them save for their children’s futures but also reinforces the political and financial goals of the program.
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Originally published on The Hill on 2/19/2026