Dell Technologies founder and CEO Michael Dell and his wife, Susan, said Tuesday that they plan to donate $6.25 billion to seed investment accounts for 25 million American children, building on a program launched in President Donald Trump’s massive tax and immigration legislation signed into law earlier this year.
The savings accounts, also known as “Trump accounts,” are tax-advantaged investment accounts for children intended to save for their futures. The U.S. Treasury will contribute $1,000 to the accounts for children born from 2025 through 2028 as outlined in the legislation signed into law by Trump. The Dells’ announcement will seed 25 million additional accounts with $250 each, dedicated to the accounts of children 10 and under who don’t qualify for the federal government’s $1,000 contribution.
“We’ve seen what happens when a child gets even a small financial head start. Their world expands,” Michael Dell said in a video alongside Susan Dell announcingthe donation. The Dells called on companies and other philanthropists to donate to the accounts and referred to the new investment vehicles as “simple, secure, and structured to grow in value through market returns over time.”
Trump will host an event focused on the donation at the White House on Tuesday, White House spokesman Kush Desai confirmed.
“The One Big Beautiful Bill’s Trump Accounts are a revolutionary investment by the federal government into the next generation of American children,” Desai said in a statement. “It’s also President Trump’s call to action for American businesses and philanthropists to do their part, too — Michael and Susan Dell’s $6 billion investment into America’s children is the first of many announcements to come for America’s children.”
The accounts, which parents and guardians activate through the U.S. Treasury, are available to all American children under 18. The Dells said in a statement that children older than 10 could receive seed money from their donation if funds remain after initial sign-ups. It was unclear when the initial sign-up period would end.
In addition to the one-time government contribution, parents and others can contribute $5,000 a year to the accounts beginning in 2026, which beneficiaries can access at 18, with some constraints.
While the funds grow tax-deferred, financial planners sayparents and guardians might do better putting their money into existing investment vehicles such as a 529, a savings plan designed to cover college expenses. But 529s are limited to education, while backers say the new accounts can help recipients beyond college.
Though parents don’t get a tax deduction when they contribute to a new account, employers can claim a tax break for contributions on behalf of their workers’ children or their teenage employees. Nonprofits can also contribute to the accounts.
Julie Zauzmer Weil contributed to this report.
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