US EditionMichael and Susan Dell donate $6.25 billion to fund ‘Trump accounts’ for 25 million U.S. kids
- 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.
329 Articles
329 Articles
Millions of Americans have neither shares nor savings. The "Trump Accounts" are supposed to change that. Now the entrepreneur Michael Dell and his wife donate billions to the program.
Hawaii Tribune-Herald
Michael and Susan Dell to put $250 in 25 million children’s accounts
Michael and Susan Dell announced Tuesday that they would deposit $250 in individual investment accounts for 25 million children, an amount totaling $6.25 billion. It is one of the largest philanthropic gifts ever to go directly to Americans.
Who are Michael and Susan Dell, billionaires who have pledged $6.25 billion to ‘Trump Accounts’?
Tech billionaire couple Michael and Susan Dell have pledged a record $6.25 billion to investment accounts for at least 25 million American children. The enormous private charity, which is the biggest ever in US history, will go toward helping fund 'Trump Accounts,' a new savings tool for children under 18
Michael Dell, the founder of computer giant Dell, is distributing $6.25 billion (€5.37 billion) to millions of American children. Specifically, 25 million children under the age of 10 will receive $250 in a securities account. The philanthropist hopes this will create wealth for future generations.
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