{"id":2181,"date":"2026-07-03T21:39:46","date_gmt":"2026-07-03T21:39:46","guid":{"rendered":"https:\/\/hawaiimovinginsider.com\/?p=2181"},"modified":"2026-07-03T21:39:46","modified_gmt":"2026-07-03T21:39:46","slug":"hawaii-becomes-first-state-to-guarantee-funded-savings-accounts-for-eligible-foster-children","status":"publish","type":"post","link":"https:\/\/hawaiimovinginsider.com\/?p=2181","title":{"rendered":"Hawaii becomes first state to guarantee funded savings accounts for eligible foster children"},"content":{"rendered":"
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HONOLULU (HawaiiNewsNow) – Gov. Josh Green announced Friday that Hawaii will become the first state to ensure every eligible child in foster care, from newborns through age 17, has a funded, tax-advantaged savings and investment account.<\/p>\n

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The effort combines federal money with private contributions through partnerships with the Michael & Susan Dell Foundation and Ed Freedman\u2019s Stable Road Foundation to close remaining gaps in coverage.<\/p>\n

The accounts are part of the national \u201cFostering the Future\u201d initiative, established under a federal Section 530A program. Children can access the Treasury-backed investment accounts beginning at age 18, allowing funds to grow over time.<\/p>\n

Under the plan, the federal government provides a $1,000 seed contribution for eligible children born between 2025 and 2028. The Michael & Susan Dell Foundation will provide $250 for eligible foster children age 10 and under who were born before 2025. Stable Road Foundation will provide $250 for eligible foster children ages 11 through 17.<\/p>\n

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By combining the contributions, the state said every eligible foster child in Hawaii will receive both an account and seed funding, regardless of age.<\/p>\n

\u201cOur responsibility is to give every child the opportunity to succeed, especially those who depend on the state for care,\u201d Green said in a statement. \u201cBy ensuring every eligible foster child has a funded investment account, we are giving these young people a stronger foundation as they enter adulthood.\u201d<\/p>\n

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Freedman said the Stable Road Foundation is stepping in to cover ages 11 to 17, calling it the only group \u201cno one else was covering,\u201d and urged leaders in other states to follow Hawai\u02bbi\u2019s approach.<\/p>\n

Invest America Executive Director Matt Lira called the announcement a \u201cwatershed moment\u201d for foster children in the state, saying it expands \u201chope and opportunity\u201d by giving young people \u201ca real stake in the upside of the American economy.\u201d<\/p>\n

At the federal launch of the program, First Lady Melania Trump said the accounts give foster children a chance for asset ownership and long-term wealth building, while Treasury Secretary Scott Bessent described the accounts as a major benefit for young people, according to the release.<\/p>\n

State officials said the funded accounts can help support future goals such as education, homeownership, and entrepreneurship.<\/p>\n

Read more New Reyn Spooner release highlights fishing tradition, Japanese gyotaku art<\/a><\/p>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The accounts are part of the national \u201cFostering the Future\u201d initiative, established under a federal Section 530A program.<\/p>\n","protected":false},"author":1,"featured_media":2180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nHawaii becomes first state to guarantee funded savings accounts for eligible foster children - Hawaii Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hawaiimovinginsider.com\/?p=2181\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hawaii becomes first state to guarantee funded savings accounts for eligible foster children - 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