Michael and Susan Dell have announced a groundbreaking initiative to support the financial futures of children across the United States. They will deposit $250 into individual investment accounts for 25 million children aged ten and under, with a total philanthropic commitment of $6.25 billion. This initiative is part of a broader plan linked to the government’s One Big Beautiful Bill Act, introduced earlier this year under the administration of former President Donald Trump.
The eligibility for receiving these funds is restricted to children living in specific ZIP codes where the median household income does not exceed $150,000. The accounts are designed to encourage savings and investment from an early age, with the funds expected to be available in the coming year. While the U.S. government has yet to finalize the operational details regarding registration and account management, the Dells have expressed optimism about the program’s potential.
In a statement, the Dells emphasized the importance of this initiative, saying, “These deposits will reach the accounts of most children aged ten and under who were born prior to the qualifying date for the federal newborn contribution.” They further noted that children older than ten might also benefit if funds remain available after initial sign-ups.
Investment Accounts Designed for Growth
The investment accounts, referred to as “Trump accounts,” will allow guardians to contribute up to $5,000 annually until the child reaches 18 years old. Funds cannot be withdrawn until the child reaches this age, promoting long-term savings and investment growth. The Dells highlighted that the assets in these accounts will grow tax-free, although taxes will apply to any gains upon withdrawal.
“These investment accounts are simple, secure, and structured to grow in value through market returns over time,” the Dells stated. This focus on creating accessible financial opportunities for children reflects the couple’s commitment to expanding economic opportunities and strengthening communities.
Michael Dell, who founded Dell Technologies in 1984, has amassed a fortune estimated at nearly $150 billion, as reported by Bloomberg Billionaires. His business strategy of selling computers directly to consumers revolutionized the industry, and this philanthropic effort aims to empower the next generation with financial literacy and investment opportunities.
As this initiative unfolds, it represents one of the largest acts of philanthropy targeted at American children in recent memory. The Dells’ commitment not only provides immediate financial support but also fosters a culture of saving and investment among young families.
The Dells firmly believe that this effort will help more children take ownership of their future, further solidifying their legacy as philanthropists committed to making a meaningful impact in society.
