THE FOLLOW UP
STATEMENT

Ray Dalio launched a '50 State Challenge' to mobilize philanthropic partnerships for Trump Accounts

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Verification that Treasury has launched a '50 State Challenge' with Ray Dalio to mobilize philanthropic partnerships and documentation of its structure/aims.

Source summary
Treasury Secretary Scott Bessent, speaking as chair of the Financial Literacy and Education Commission, used the Commissions first 2026 public meeting to promote a new program called "Trump Accounts." Under the proposal, each eligible American child would receive a $1,000 federal seed contribution invested in the U.S. stock market; Treasury says private philanthropy and state, employer, and nonprofit partnerships will help scale the initiative. Bessent highlighted a $6.25 billion donation from Michael and Susan Dell and a Ray Dalio-led "50 State Challenge," and called on federal agencies, states, businesses, and employers to align programs and outreach to support the accounts.
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Latest fact check

Scott Bessent’s Feb. 6, 2026 remarks on the U.S. Treasury website explicitly state that "Ray Dalio joined shortly thereafter to launch Treasury’s ‘50 State Challenge,’ which will mobilize partnerships with philanthropy across the country." Independent reporting from the Associated Press, CNBC and Fortune documents that Ray and Barbara Dalio pledged roughly $75 million to seed Trump Accounts for Connecticut children and that the Treasury described a nationwide "50 State Challenge" to recruit philanthropic partners. These primary and reputable independent sources corroborate the claim. Verdict: True — the Treasury’s own statement and multiple reputable news outlets confirm that Ray Dalio joined the launch of the Treasury "50 State Challenge" to mobilize philanthropic partnerships for the Trump Accounts program.

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Timeline

  1. Update · Feb 07, 2026, 02:00 AMTrue
    Scott Bessent’s Feb. 6, 2026 remarks on the U.S. Treasury website explicitly state that "Ray Dalio joined shortly thereafter to launch Treasury’s ‘50 State Challenge,’ which will mobilize partnerships with philanthropy across the country." Independent reporting from the Associated Press, CNBC and Fortune documents that Ray and Barbara Dalio pledged roughly $75 million to seed Trump Accounts for Connecticut children and that the Treasury described a nationwide "50 State Challenge" to recruit philanthropic partners. These primary and reputable independent sources corroborate the claim. Verdict: True — the Treasury’s own statement and multiple reputable news outlets confirm that Ray Dalio joined the launch of the Treasury "50 State Challenge" to mobilize philanthropic partnerships for the Trump Accounts program.
  2. Update · Feb 07, 2026, 12:58 AMTrue
    Scott Bessent's official remarks (U.S. Department of the Treasury, Feb. 6, 2026) state that Ray Dalio "joined shortly thereafter to launch Treasury’s '50 State Challenge,' which will mobilize partnerships with philanthropy across the country." Independent reporting from the Associated Press and CNBC (Dec. 17, 2025) corroborates that Dalio pledged roughly $75 million for Connecticut children and that the 50‑State Challenge was created to recruit philanthropists to support the Trump Accounts program. Verdict: True — the Treasury's statement and multiple reputable news outlets confirm Dalio joined and helped launch the Treasury '50 State Challenge' to mobilize philanthropic partnerships for Trump Accounts.
  3. Original article · Feb 06, 2026
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