A handful of very wealthy people want to give your children free money.

On July 4, the nation's 250th birthday, the federal government officially launched "Trump Accounts," a new investment savings account for children.

President Donald Trump celebrated the announcement on Monday by remotely ringing a ceremonial bell in the Oval Office to begin trading on the Nasdaq and the New York Stock Exchange.

Parents can contribute up to $5,000 per year to each of their kids' accounts, while employers can contribute up to $2,500 per year.

For children born between 2025 and 2028, the federal government will provide a $1,000 seed contribution.

But it's not just the government. Several wealthy individuals have pledged additional philanthropic contributions to the accounts.

Many of those individuals are "adopting" specific states, meaning their contributions are limited to children living in those states.

The accounts can't be accessed for withdrawals until the child turns 18, at which point they can spend the money on major purchases like tuition or a down payment on a home.

The goal of it all: getting the next generation invested in capitalism and building wealth.

Here's who's pouring money into Trump Accounts, and which children are eligible.