Dell CEO donates over $6 billion to ‘Trump accounts’ for 25 million children
Dell CEO Michael Dell and his wife, Susan Dell, have pledged $6.25 billion to fund “Trump accounts,” investment accounts that will be opened for 25 million children born in the United States. Each qualified child under age 10,born before January 1,2025,will receive an initial deposit of $250. The initiative aims to provide a financial head start for children, expanding their future opportunities. The program is linked with President Donald Trump’s related declaration and includes a federal grant from the Treasury Department, wich will add $1,000 to each account for babies born between January 1, 2025, and December 31, 2028, as long as Trump remains president.The funds will be accessible to the beneficiaries once they turn 18. Dell’s donation precedes Trump’s official announcement of the investment accounts, and the company encourages other philanthropists and businesses to contribute toward the financial futures of American children.
Dell CEO donates over $6 billion to fund ‘Trump accounts’ for 25 million children
Dell CEO Michael Dell and his wife, Susan Dell, said Tuesday that they plan to donate $6.25 billion to help fund the so-called “Trump accounts,” which would open investment accounts for 25 million children born in the United States.
The unprecedented philanthropic gift comes ahead of President Donald Trump’s Tuesday afternoon announcement on the eponymous investment accounts reserved for newborns.
The Dells said the donation will be used to jumpstart 25 million investment accounts with $250 each. The 25 million children whose names will be attached to those accounts must generally be under the age of 10 and born before Jan. 1, 2025, to qualify for their $250 deposit.
If they remain available after initial sign-ups, the new funds pledged by the couple may also be distributed to children older than 10.
“We’ve seen what happens when a child gets even a small financial head start — their world expands,” Michael Dell said in a short video posted on social media.
The tech company is partnering with Invest America, a nonprofit advocacy group that called for the implementation of the Trump accounts under the One Big Beautiful Bill Act.
Dell’s chief executive called on other philanthropists and companies to join them in making donations to support the financial futures of American children.
Trump praised the Dells for their latest contribution.
“TWO GREAT PEOPLE,” he wrote in a Truth Social post Tuesday morning. “I LOVE DELL!!!”
In conjunction with the donation, the Treasury Department will contribute a federal grant of $1,000 to every account for a baby born between Jan. 1, 2025, and Dec. 31, 2028, while Trump remains president. Parents will be able to open and contribute to those accounts, starting on July 4, 2026. Beneficiaries can access the money in their Trump accounts once they reach age 18.
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When the Trump administration announced the concept earlier this year, Dell supported the initiative by pledging to match the $1,000 federal grants for the accounts of its employees’ newborns. The company’s vow came one month before the GOP megabill became law.
The White House is teasing on social media that the president will soon make an announcement regarding the investment accounts. The announcement will most likely occur at 2 p.m. Tuesday, following Trump’s Cabinet meeting.
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