Gov. Rhoden Pledges Participation in Trump Accounts for Foster Youth

FOR IMMEDIATE RELEASE

June 11, 2026

Contact: Josie Harms

Gov. Rhoden Pledges Participation in Trump Accounts for Foster Youth

PIERRE, S.D. - Today, Governor Larry Rhoden announced a commitment to support First Lady Melania Trump's efforts to strengthen the well-being of foster youth by ensuring Social Security survivor benefits for eligible foster children are protected through Trump Accounts. This action will help safeguard these benefits for foster youth across the state and support their long-term financial security.

"Our youth are the future of our state, and my Administration will continue to do everything we can to set them up for success," said Governor Larry Rhoden. "I am grateful for First Lady Melania Trump's efforts to strengthen the well-being of our foster youth. By participating in her efforts, we will ensure South Dakota's foster youth can step into a financial future that is strong, safe, and free."

Trump Accounts are proposed long-term savings and investment accounts designed to help children and youth build financial security from an early age. While all eligible children may participate through contributions from family members or guardians, foster youth who have lost a parent would have their Social Security survivor benefits deposited into their accounts, helping their financial foundation and support future independence.

"For the first time, children in foster care will have access to a dedicated savings and investment vehicle: Fostering the Future Accounts," said First Lady Melania Trump. "I thank Governor Rhoden for pledging to expand this historic financial opportunity to youth in foster care in South Dakota."

The South Dakota Department of Social Services currently serves as a representative payee for approximately 75 children who receive Social Security survivor benefits.

This pledge also supports South Dakota First Lady Sandy Rhoden's commitment to serving and supporting foster care youth. She serves on the board of South Dakota Kids Belong, a nonprofit that seeks to create a brighter future for foster kids across the state.

"I am proud of my wife Sandy's tireless work to care for and equip our foster kids with the resources they need to thrive," said Governor Larry Rhoden. "Together, First Ladies Trump and Rhoden, and so many others, are working to ensure more South Dakota children receive the open opportunities they deserve."

First Lady Melania Trump announced the pledge by South Dakota and other states today. The pledge is consistent with the Executive Order Fostering the Future of American Children and Families.

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