Steak ‘n Shake Donates $1,000 to Trump Accounts for Employees’ Kids

In a notable move, Steak ’n Shake declared on Wednesday that it will contribute $1,000 to “Trump Accounts” for the children of its employees. This Indianapolis-based fast-food chain is the latest company to support the Trump administration’s new investment initiative for newborns. In a post on X, Steak ’n Shake described the program as a means to ensure “the next generation of Americans participate from birth in our free-market, wealth-building economy.”

“Steak ‘n Shake pledges to support our employees’ children with a $1,000 match to [Trump Accounts] for every child born between 2025 and 2028,” the company stated. “Having benefited from our country’s prosperity, we are committed to giving back to our communities and our country.”

BANK OF AMERICA TO MATCH $1,000 GOVERNMENT DEPOSITS FOR TRUMP ACCOUNTS

A Steak ‘n Shake location is pictured here. (iStock)

A spokesperson for the company shared with FOX Business that this initiative reflects the personal philosophy of Chairman Sardar Biglari. “Our chairman, Sardar Biglari, has lived the American dream,” the spokesperson noted. “He started with $15,000 and went on to build Biglari Holdings, the enterprise that now owns Steak ‘n Shake and other companies.”

The spokesperson emphasized that Biglari has always focused on creating opportunities for franchisees based on merit and is now extending that vision to the families of employees. “He has given franchisees the ability to live the American dream, as they are chosen for their talent alone,” the spokesperson added. “And now he is proudly supporting the children of our employees.” This initiative aims to provide them with the seed capital to potentially build their own businesses in the future.

President Trump officially launched the Trump Accounts initiative on Wednesday, urging U.S. companies to contribute to family accounts for their employees, according to Reuters. Created under Trump’s “One Big Beautiful Bill Act,” the program offers a $1,000 federally funded investment account to every U.S. citizen born between 2025 and 2028. The U.S. Treasury estimates that approximately 25 million families will qualify for this program.

BESSENT TEASES ‘BIG ANNOUNCEMENTS’ AS TRUMP ACCOUNTS REACH 500,000 SIGNUPS

Treasury Secretary Scott Bessent, left, and rapper Nicki Minaj listen as President Donald Trump delivers remarks on Trump Accounts in Washington, D.C., on January 28. (Brendan Smialowski/AFP via Getty Images)

The U.S. Treasury estimates that around 25 million families will be eligible for this initiative. Several major companies, including JPMorgan Chase and Bank of America, have already expressed their support, announcing plans to match the U.S. government’s contribution to the new accounts for eligible employees.

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Additionally, rapper Nicki Minaj has announced her intention to contribute up to $300,000 to help fund Trump Accounts for her fans. Shares of Biglari Holdings have seen a rise of more than 14% year to date.

FOX Business’ Madison Colombo contributed to this report.

In a notable move, Steak ’n Shake declared on Wednesday that it will contribute $1,000 to “Trump Accounts” for the children of its employees. This Indianapolis-based fast-food chain is the latest company to support the Trump administration’s new investment initiative for newborns. In a post on X, Steak ’n Shake described the program as a means to ensure “the next generation of Americans participate from birth in our free-market, wealth-building economy.”

“Steak ‘n Shake pledges to support our employees’ children with a $1,000 match to [Trump Accounts] for every child born between 2025 and 2028,” the company stated. “Having benefited from our country’s prosperity, we are committed to giving back to our communities and our country.”

BANK OF AMERICA TO MATCH $1,000 GOVERNMENT DEPOSITS FOR TRUMP ACCOUNTS

A Steak ‘n Shake location is pictured here. (iStock)

A spokesperson for the company shared with FOX Business that this initiative reflects the personal philosophy of Chairman Sardar Biglari. “Our chairman, Sardar Biglari, has lived the American dream,” the spokesperson noted. “He started with $15,000 and went on to build Biglari Holdings, the enterprise that now owns Steak ‘n Shake and other companies.”

The spokesperson emphasized that Biglari has always focused on creating opportunities for franchisees based on merit and is now extending that vision to the families of employees. “He has given franchisees the ability to live the American dream, as they are chosen for their talent alone,” the spokesperson added. “And now he is proudly supporting the children of our employees.” This initiative aims to provide them with the seed capital to potentially build their own businesses in the future.

President Trump officially launched the Trump Accounts initiative on Wednesday, urging U.S. companies to contribute to family accounts for their employees, according to Reuters. Created under Trump’s “One Big Beautiful Bill Act,” the program offers a $1,000 federally funded investment account to every U.S. citizen born between 2025 and 2028. The U.S. Treasury estimates that approximately 25 million families will qualify for this program.

BESSENT TEASES ‘BIG ANNOUNCEMENTS’ AS TRUMP ACCOUNTS REACH 500,000 SIGNUPS

Treasury Secretary Scott Bessent, left, and rapper Nicki Minaj listen as President Donald Trump delivers remarks on Trump Accounts in Washington, D.C., on January 28. (Brendan Smialowski/AFP via Getty Images)

The U.S. Treasury estimates that around 25 million families will be eligible for this initiative. Several major companies, including JPMorgan Chase and Bank of America, have already expressed their support, announcing plans to match the U.S. government’s contribution to the new accounts for eligible employees.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Additionally, rapper Nicki Minaj has announced her intention to contribute up to $300,000 to help fund Trump Accounts for her fans. Shares of Biglari Holdings have seen a rise of more than 14% year to date.

FOX Business’ Madison Colombo contributed to this report.