Fox Corporation Announces It Will Match U.S. Government's $1,000 Contribution To "Trump Accounts" Children's Retirement Program

Rhea-AI Summary

Fox Corporation (Nasdaq: FOX) will match the U.S. government's one-time $1,000 contribution to the new "Trump Accounts" children's retirement savings program for eligible U.S. employees' children. The pilot launches in July 2026 and covers children born between Jan 1, 2025 and Dec 31, 2028.

Fox framed the match as support for employee financial well-being and said the contribution aims to help families begin saving and investing for children's futures.

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NEW YORK and LOS ANGELES, Feb. 19, 2026 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today announced that it will match the U.S. government's one-time $1,000 contribution to the "Trump Accounts" children's retirement savings account program for eligible U.S. employees, underscoring the Company's continued support for the financial well-being of employees and their families.

Scheduled to launch in July of this year, "Trump Accounts" are tax-advantaged investment accounts for American children designed to jumpstart their financial future. Through this pilot program, a contribution of $1,000 from the U.S. Treasury will be made into a specified account for every child born in the U.S. between January 1, 2025, and December 31, 2028.

"This contribution match will help our employees provide a strong financial foundation for their children as they learn to save, invest and grow a healthy financial future," said Lachlan Murdoch, Executive Chair and Chief Executive Officer, Fox Corporation.

About Fox Corporation
Fox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allow us to deliver content that engages and informs audiences, develop deeper consumer relationships, and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.

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SOURCE Fox Corporation

FAQ

What did Fox (FOX) announce about matching the $1,000 "Trump Accounts" contribution?

Fox will match the U.S. government's one-time $1,000 contribution for eligible employees' children. According to Fox, the match applies to the pilot "Trump Accounts" program launching in July 2026 and aims to support employee families' long-term saving.

Who is eligible for Fox's match to the "Trump Accounts" program (FOX)?

Eligibility covers U.S. employees with children born between Jan 1, 2025 and Dec 31, 2028. According to Fox, the company will match the Treasury's one-time $1,000 contribution for those qualifying children's accounts.

When does the "Trump Accounts" pilot that Fox (FOX) referenced begin?

The pilot is scheduled to launch in July 2026. According to Fox, Treasury will make the one-time $1,000 deposit for each eligible child born during the specified Jan 1, 2025–Dec 31, 2028 window.

How much will Fox (FOX) contribute to each eligible child's "Trump Account"?

Fox will match the U.S. government's one-time $1,000 contribution per eligible child. According to Fox, this match is intended to help employees establish a tax-advantaged investment account for their children.

What is the purpose of Fox's (FOX) $1,000 match to the children's retirement program?

The stated purpose is to help employees build a financial foundation for their children through tax-advantaged savings. According to Fox, the match is meant to encourage early saving, investing and long-term financial growth for families.