Micron commits more than $67 million in Idaho, most of it for $250 deposits in children's Trump Accounts

Micron Technology, the memory chipmaker that has been based in Idaho for 48 years, said on October 27, 2026, that it is making more than $67 million in new community investments in Idaho. Over $45 million of that is for Trump Accounts, the children's accounts created by the One, Big, Beautiful Bill Act, also known as 530A accounts. The rest goes to public transit and housing in the Treasure Valley, according to the company's announcement.

Micron expects to deposit $250 into each of more than 181,000 accounts belonging to children under 18 in Ada, Boise, Canyon, Elmore and Gem counties. The Idaho deposits are part of a $250 million national commitment that the company announced in June, under which it will make a one-time $250 seed deposit for children with Trump Accounts in places where it operates.

The new money adds to about $75 million that Micron says it has contributed to Idaho communities since 2023 through more than 100 grants, investments and partnerships. In 2023 the company also announced a Community Investment Framework with Idaho Gov. Brad Little and Boise Mayor Lauren McLean. The release does not say how much of the new $67 million takes the form of grants and how much of investments. "Putting money directly into savings accounts for Idaho children is exactly the kind of private-sector leadership that keeps Idaho a great place to live, work and raise a family," Little said in the release.

How company money can reach a child's account

A Trump Account is a type of individual retirement account for a child. Until the end of the year in which the child turns 17, contributions are generally limited to $5,000 a year, and an employer can put in up to $2,500 a year for an employee or an employee's dependent without it counting as the employee's income. Deposits made in equal amounts to every child in a defined group, known as a qualified class, work differently. They do not count toward the $5,000 limit, and under section 530A(f) of the tax code, as temporary regulations issued by the Treasury and the IRS on September 30 explain, they can be funded only by an "eligible donor": a state or local government, the federal government, the District of Columbia, an Indian tribal government or a 501(c)(3) tax-exempt organization.

Under those rules, the donor enters into an acceptance agreement with the Treasury that defines the class by where the children live and the years they were born, and the class must include at least 5,000 children. The Treasury then makes the deposits. People who give to a 501(c)(3) to fund such a deposit can deduct the gift under section 170 of the tax code, subject to its usual requirements. The Treasury is taking comments on the proposed version of the rules until November 30, and on the application form for these class contributions until December 22.

Micron's release does not say how the Idaho deposits will be made or which entity will fund them.

How it compares

The economic analysis that accompanies the rules points to the Michael & Susan Dell Foundation, which it says has pledged $6.25 billion for children born from 2016 to 2024 who live in ZIP codes where median household income is below $150,000. It estimates that the rules will increase the number of children with Trump Accounts in 2026 by more than 60 million. Separately, the Treasury pays $1,000 into the account of an eligible U.S. citizen born from 2025 through 2028 under a pilot program, once a parent or other eligible person makes an election.