US EditionDell Family Donates $6B to Seed 25M 'Trump Accounts'
The $6.25 billion donation targets 25 million children nationwide, focusing on those 10 or younger in middle- and lower-income areas to close the wealth gap, officials said.
- On Tuesday, Michael and Susan Dell pledged $6.25 billion to seed Trump Accounts with $250 deposits for at least 25 million children age 10 and under, Invest America said.
- The One Big Beautiful Bill Act authorised Invest America, mandating $1,000 seed deposits for U.S. citizens born between Jan. 1, 2025 and Dec. 31, 2028, with contributions starting July 4, 2026.
- Families can contribute up to $5,000 per year starting July 4, 2026, to Trump Accounts that must invest in low-cost U.S. equity index funds, with withdrawals until age 18.
- The White House estimates a $1,000 federal seed could grow to $1.9 million by age 28, but experts warn the $250 Dell seed alone won't significantly impact lower-income families.
- Critics note earlier this year Trump Accounts mainly benefit better-off families, while researchers advocating automatic enrollment say success depends on Treasury Department and IRS guidance, and asset managers question fund restrictions.
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Q&A: Billionaire couple has pledged $250 gift to U.S. kids. Here’s how to get the money
A billionaire tech couple from Texas — Michael and Susan Dell — has pledged to give U.S. children under age 10 a $250 gift, to be seeded into tax-deferred investment accounts that recipients can access when they turn 18.
By Jeanne Sahadi and John Towfighi, CNN President Donald Trump formally presented his “Trump Account” program on Tuesday with a novelty: a multi-million dollar donation from Michael and Susan Dell would expand the eligibility of the program for more children. Investment accounts could help tens of millions of American families save for their children. However, critics argue that they are not enough to solve the savings problem in the United Stat…
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