New $1 million grant will support Invest America’s campaign to encourage more American families to sign up for government-backed investment accounts
The BlackRock Foundation is awarding a $1 million grant to Invest America, a nonprofit which works to reduce income and opportunity gaps by helping families understand investing and take part in the financial system. The Foundation’s funding will support Invest America’s tax-season campaign to help eligible families enroll in Trump Accounts.
"We’re proud to support Invest America’s work to help the next generation of Americans share in the growth of the U.S. economy,” said Claire Chamberlain, President of The BlackRock Foundation. “This grant reflects our conviction that expanding access to investing—earlier and more often—can strengthen financial wellbeing and create lasting opportunity."
This grant builds on BlackRock’s longstanding support of early wealth building initiatives and the firm’s belief in the power of capital markets to advance financial wellbeing. As BlackRock Chairman and CEO Larry Fink wrote in his annual Chairman’s Letter, early wealth-building accounts can make it more likely for someone to earn an advanced degree, start a business, and own a home. Last year, BlackRock announced it will match the U.S. government’s $1,000 contribution for eligible U.S. employees’ Trump Accounts.
