Michael and Susan Dell have committed to paying $250 into the accounts of 25 million American children.
The $6.25 billion donation, which comes from the Dells’ charitable fund and was announced on Tuesday, is designed to “help families feel supported from the start and encourage them to keep saving as their children grow,” Michael Dell told CNBC in an interview.
The Dells have partnered with the Invest America initiative, a federal program that aims to help families and employers put children on a stronger financial path into adulthood. The program is better known as “Trump Accounts.”
In order to qualify for the money the Dells are pledging, the child must:
- Be 10 years or younger
- Have been born before January 1, 2025
- Live in a ZIP code where the median income is $150,000 or less
Parents with children who meet the criteria will simply have to open a Trump Account to automatically receive a grant from the Michael & Susan Dell Foundation, the couple told CNBC.
“Susan and I believe the smartest investment we can make is in children,” Michael Dell wrote in a post on X. In a video accompanying the post, the couple encouraged US citizens to contribute to the accounts.
“The real power of these accounts is that anyone can contribute, parents, friends, relatives. Everyone can help shape a child’s future,” said Susan Dell in the video.
“To parents and caregivers, stay tuned and get ready to activate your child’s account,” she said. “Every contribution can grow over the years, just like your child.”
“Together we can make possibility something that every child can count on,” added Michael Dell.
The Dells’ donation will sit alongside the broader “Trump Accounts” investment initiative being run by Invest America. The program is part of President Donald Trump’s One Big Beautiful Bill Act.
Trump Accounts is the administration’s plan to give a federal grant of $1,000 to US citizens born from the beginning of 2025 through 2028 and allow parents to contribute up to $5,000 a year. The initiative will begin on July 4, 2026.
Michael Dell, the founder and chairman of the computer company Dell, is the eleventh-richest person in the world. As of Monday’s market close, his fortune was worth $148 billion, according to the Bloomberg Billionaires Index.
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