Jonathan McKernan
The data on this page comes from a financial disclosure filed by Jonathan McKernan, who was picked to be: Undersecretary for Domestic Finance, Department of the Treasury in March, 2025. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) | $250K - $500K | None (or less than $201) | 1.1 | ||
| U.S. brokerage account (Cash) | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| ISHARES Core MSCI Emerging Markets ETF (IEMG) | $15,001 - $50,000 | None (or less than $201) | 2.1 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| U.S. bank cash #1 | $1,001 - $15,000 | None (or less than $201) | 1 | ||
| U.S. bank cash #2 | $15,001 - $50,000 | $201 - $1,000 | Interest | 2 | |
| BROKERAGE ACCOUNT | 3 | ||||
| iShares Core S&P 500 ETF (IVV) | $250K - $500K | $2,501 - $5,000 | 3.1 | ||
| Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $50,001 - $100K | $5,001 - $15,000 | 3.2 | ||
| Ishares Russell 1000 Growth ETF (IWF) | $100K - $250K | $1,001 - $2,500 | 3.3 | ||
| Vanguard Small-Cap Value Index Fund ETF Class Shares (VBR) | $50,001 - $100K | $1,001 - $2,500 | 3.4 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $50,001 - $100K | $201 - $1,000 | 3.5 | ||
| DC College Savings Plan #1 (DC 529 plan) | 4 | ||||
| U.S. Total Stock Market Index Portfolio | $15,001 - $50,000 | None (or less than $201) | 4.1 | ||
| DC College Savings Plan #2 (DC 529 plan) | 5 | ||||
| U.S. Total Stock Market Index Portfolio | $15,001 - $50,000 | None (or less than $201) | 5.1 | ||
| DC College Savings Plan #3 (DC 529 plan) | 6 | ||||
| U.S. Total Stock Market Index Portfolio | $15,001 - $50,000 | None (or less than $201) | 6.1 | ||
| DC College Savings Plan #4 (DC 529 plan) | 7 | ||||
| U.S. Total Stock Market Index Portfolio | $15,001 - $50,000 | None (or less than $201) | 7.1 |
Transactions
Officials are required to disclose the purchase, sale or exchange of property or securities in excess of $1,000. Many top officials are required to file periodic transaction reports (278-T) within 45 days to disclose additional actions. This table combines transactions from regularly scheduled financial disclosures and periodic transaction reports. If the same transaction appears on multiple reports, we’re only showing it once. (Form 278e, Part 7 and Form 278-T)
| Description | Value | Transaction | Endnote | Line No. |
|---|---|---|---|---|
| Ishares Russell 1000 Growth ETF (IWF) | $50,001 - $100K | Sale, 2025-12-22
 | 1 | |
| Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $1,001 - $15,000 | Sale, 2025-07-24
| 1 | |
| Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $15,001 - $50,000 | Sale, 2025-10-15
| 1 | |
| Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $15,001 - $50,000 | Sale, 2025-01-02
| 1 | |
| iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) | $250K - $500K | Sale, 2025-09-30
| 2 | |
| iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) | $1,001 - $15,000 | Purchase, 2025-07-31
| 2 | |
| Vanguard Short-Term Corporate Bond Index Fund ETF Class Shares (VCSH) | $1,001 - $15,000 | Purchase, 2025-12-22
| 2 | |
| iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) | $1,001 - $15,000 | Purchase, 2025-01-02
| 2 | |
| Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $15,001 - $50,000 | Sale, 2025-08-15
| 3 | |
| Vanguard Short-Term Corporate Bond Index Fund ETF Class Shares (VCSH) | $250K - $500K | Purchase, 2025-10-01
| 3 | |
| iShares Core MSCIEmerging Markets ETF (IEMG) | $1,001 - $15,000 | Purchase, 2025-01-02
| 3 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| Department of Education | type: Student Loan, amount: $15,001 - $50,000, year-incurred: 2016, rate: 6.125, term: 30 years | 1 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
