Michael and Susan Dell Donate $250 to 25 Million U.S. Kids’ ‘Trump Accounts’

Michael and Susan Dell have announced a significant initiative to support the financial futures of American children. They will donate $250 to 25 million children through accounts known as “Trump accounts,” amounting to a total investment of $6.25 billion. This initiative aims to benefit children aged 10 and younger who were born prior to the cut-off date for these accounts.

Details of the Contribution

The Dells’ donation is designed to support kids in starting their savings early. The “Trump accounts” were established as part of a tax and spending bill earlier this year. These accounts are meant for children born during President Trump’s second term. Eligible children will receive a larger sum of $1,000 upon the activation of their accounts.

Eligibility for the Initiative

• Children aged 10 and younger born before 2025 will receive the Dell contribution.
• Sign-ups for the original Trump accounts will begin on July 4, 2026.
• Parents and caregivers must activate the accounts for children born between January 1, 2025, and January 1, 2029.

In addition, children who are currently older than 10 may still benefit if funds allow after initial distributions. The Dells emphasize that early investment in children can lead to improved long-term outcomes, such as better educational achievements and increased chances of homeownership.

Funding Structure and Usage

Contributions to the Dell donation will be processed through “Invest America” accounts. Although the $250 is allocated to children not qualifying for the original account, only those under 10 years old will primarily benefit. The funds in these accounts, along with the original $1,000 deposits from the Department of Treasury, will be locked until the children reach 18.

Qualified Expenses for the Funds

Upon reaching adulthood, the funds can be utilized for various qualified expenses, including:

• Education costs, such as college tuition or vocational training.
• Homeownership, specifically towards a down payment on a first home.
• Entrepreneurial ventures, with funds available to start a business.

If funds remain in the accounts when children turn 18, the accounts will convert into traditional IRAs, allowing further growth of the investments.

Encouraging Broader Support

The Dells are calling on other philanthropists and businesses to contribute to these accounts to expand support for families. Their commitment resonates with their long history of charitable initiatives aimed at aiding children’s welfare.

In a recent interview, Michael Dell stated, “The smartest investment we can make is the one in children.” Susan Dell echoed this sentiment, emphasizing the importance of helping children secure a promising future. The announcement was made on Giving Tuesday, reflecting their ongoing dedication to philanthropy.

Overall, this initiative represents a meaningful step towards enhancing children’s financial futures through strategic savings programs.