Michael and Susan Dell Pledge $250 Million for Children’s ‘Trump Accounts’

Michael and Susan Dell, a prominent philanthropic couple, have pledged $250 million aimed at benefitting nearly 80% of U.S. children aged 10 and younger. This significant contribution will be deposited into interest-bearing accounts, set to mature when the children reach adulthood.

Eligibility Criteria for the $250 Gift

The donation targets children born before January 1, 2025, who reside in areas with a median household income of less than $150,000. The giving initiative is focused on certain ZIP codes across the nation.

In Oregon’s Context

Recent analysis revealed that almost all populated ZIP codes in Oregon meet the income eligibility criteria. Out of 431 mapped ZIP codes, only two do not qualify:

• 97229: Located in northern Multnomah and Washington counties, this area encompasses affluent neighborhoods like Bethany and Forest Heights. The median income here is around $160,000.
• 97736: Situated at the base of the Steens Mountains in southeast Oregon, this ZIP code has a median income of $182,000, but its low population of 86 residents may skew the data.

Interestingly, several wealthy communities, including Lake Oswego, West Linn, and Dunthorpe, have median incomes below the $150,000 mark, making their children eligible for the funds. Eligibility specifics are still under evaluation as it remains unclear which data sets the Dells will utilize for distribution.

Potential Adjustments to Income Thresholds

Given inflation trends, some ZIP codes, such as:

• 97034 in Lake Oswego – Median income of $147,688
• 97068 in West Linn – Median income of $145,877
• 97221 in Portland – Median income of $146,017

may soon exceed the eligibility cutoff.

Understanding the Economic Landscape

Josh Lehner, a former state economist, emphasizes Oregon’s diverse economy. He points out that affluent residents often live alongside lower-income families within the same ZIP codes, leading to a higher percentage of areas qualifying under the income threshold compared to national averages.

The Concept Behind ‘Trump Accounts’

The Dells’ initiative builds on discussions around children’s investment accounts. David Rothwell of Oregon State University notes that these accounts can significantly affect families who struggle financially. Providing funds universally can reduce stigma and ensure fair access.

Operational Framework for the Funds

To qualify for the $250, children must possess a Social Security number. Parents will be required to initiate a “Trump Account” in 2026, with detailed instructions forthcoming. Contributions can also be made by family members and employers, supporting children’s futures for education and housing.

Future Prospects for Newborns

Children born on or after January 1, 2025, won’t obtain the $250 gift. However, legislation enacted in July, termed the “One Big Beautiful Bill Act,” assures these newborns and those born through 2028 will receive a $1,000 investment gift from the U.S. government.

In summary, the philanthropic vision from Michael and Susan Dell holds promise for significantly impacting the lives of many American children, fostering financial growth and future opportunities.