TFAC Trust Funds
TFAC Trust Funds are designed to identify family members and friends who will donate to a trust for a specific child. An automatic monthly donation of an average of $11 by 10 people during a child’s first 20 years of life results in a trust that is roughly $50,000 today.
From the eighteenth birthday on, an on average increasing monthly distribution is made to support the child for their entire life, with the monthly distribution equaling an average US Social Security check by the age of 80. Also, it can be spent anyway they choose.
The TFAC Trust Funds program not only serves to provide minimum financial security each month of the child’s adult life, but it also serves as a private sector social security system when the child is elderly.
Grandparents, parents, employers, or townships usually initiate creating a TFAC Trust Fund for each child at birth or when very young. However, anyone, such as an uncle, aunt, or friend, can set up a TFAC Trust Fund for any child and invite the first donors to get the process going. It can even be done as a surprise gift! The parents can then complete the process after receiving your gift of beginning it for them. It is best set up for a baby at birth, but it can be created for a child at any age. The closest to birth the better so the money in the TFAC Trust Fund has the most amount of time to grow.
There are many ways to have money contributed to a TFAC Trust Fund! To learn more about what goes into creating a TFAC Trust Fund and how you can start one for a child you love, click the button below.