The mission of the Child Wealth Fund is to provide a government funded investment account for children born and residing in the District who are born with medical coverage provided by Medicaid, and whose household incomes do not exceed 300% of the Federal Poverty Level.

Summary of Services

Under D.C. Law 24-53, the Child Wealth Building Act of 2021, the District established the Child Trust Fund and the Child Trust Fund Program to provide a subsidized wealth building and investment account for certain children. An initial deposit will be made into a District-controlled Child Trust Fund account in the year of birth, and so long as the child continues to live in the District and meet eligibility requirements, annual deposits will continue to be made based on the child’s household income, until the child turns 18. To receive a disbursement, the participant must certify that he or she will only use the funds for education purposes, ownership or investment in a District business, property ownership in the District, or retirement savings. The amount of money to be disbursed will depend on how much was deposited over the years and the performance of the account’s investments.