State Treasurer Encourages Oklahoma Families to Claim $1,000 Opportunity for Children’s Future

State Treasurer Todd Russ is encouraging Oklahoma families to take advantage of a new opportunity to receive $1,000 through a “Trump Account,” a federal initiative designed to help families invest early in a child’s future.

The program builds on the proven success of Oklahoma’s SEED Oklahoma Kids (SEED OK) program, which has already demonstrated the long-term impact of early savings.

“We’ve seen firsthand through SEED Oklahoma Kids what happens when a child starts with $1,000,” said Treasurer Russ. “It changes expectations, increases the likelihood of pursuing education after high school, and helps families plan for the future. Now, more families have access to that same kind of opportunity through the Trump Account.”

What the $1,000 Can Be Used For

Funds in a Trump Account can be used for a broad range of qualified expenses that support a child’s future, including:

• Education expenses, such as:
  • College tuition and fees
  • Career and technical education programs
  • Apprenticeships and workforce training
  • Books, supplies, and required equipment
• Small business and entrepreneurial expenses, including startup costs for a qualified business
• First-time home purchase expenses, helping support long-term financial stability

In general, these funds are designed to support education, work, and wealth-building opportunities as a child grows into adulthood.

Earnings grow tax-advantaged when used for qualified purposes, helping families maximize the long-term value of the investment.

Who Is Eligible

• The $1,000 initial investment is available for children born between 2025 and 2028
• Families must complete the enrollment process
• Additional eligibility criteria may apply based on federal guidelines

Importantly, while the initial $1,000 is limited to this age group, additional contributions are expected to be available for children of other ages through broader program participation and private or employer-supported contributions.

How to Sign Up

Even families who have already filed their taxes can still enroll.

• Complete and mail Form 4547
• Do not amend your tax return
• An online sign-up option is expected soon

Investing in Oklahoma’s Future

“This is an opportunity to build on what we know works, learning to save has positive lifelong outcomes,” said Treasurer Russ. “A $1,000 investment today can open doors tomorrow. We encourage every eligible Oklahoma family to take advantage of it and for all families to explore how additional contributions can help their children succeed.”

Proven Results from Oklahoma

Launched in 2007, SEED OK provided selected Oklahoma children with a $1,000 investment account. Research from the program shows:

• Children with savings are more likely to attend college or career training
• Families are more engaged in long-term financial planning
• Early investments, even small ones, can grow significantly over time

“Because of SEED OK, we know exactly what can happen with a $1,000 investment,” said Treasurer Russ. “It’s not just about the money, it’s about creating opportunity and changing a child’s future.”