{
  "id": 15727761,
  "title": "Billionaires are giving your kid stock. Should you say thank you?",
  "url": "https://urgent.news/2026/10/20/billionaires-are-giving-your-kid-stock-should-you-say-thank-you",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T09:42:34.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/20/elon-musk-donate-shares-gwen-shotwell-anthropic-trump-accounts/"
  },
  "original_language": "en",
  "account": "The recent trend of billionaires donating shares from their companies has sparked a debate. Elon Musk announced he will give every U.S. child under 18 a share of SpaceX, valued at approximately $10.7 billion. Anthropic co-founder Daniela Amodei committed 5% of the company's shares to the Anthropic Public Benefit Fund. The U.S. Treasury changed rules on September 30, allowing individuals to donate stocks that recipients must hold for at least five years. This change may make donating stock more attractive than giving cash, as stock donors can deduct the full market value without paying capital gains tax on growth. However, there are downsides, such as the stocks' volatility and the inability to sell if things go wrong. The five-year holding period also prevents shareholders from selling if necessary. Some critics argue that leaders may donate stock to gain favor in certain areas, while others see it as a way to build public support ahead of an IPO. Regardless, the forced ownership of companies, even if small, usually occurs during crises like the financial crisis, where the government took direct stakes in institutions.",
  "summary": "Also: All the news and watercooler chat from Fortune.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}