Dell Foundation Donates $6.25B to ‘Trump Accounts’
Tech billionaires Michael and Susan Dell, of the Dell Foundation, are pledging $6.25 billion to “Trump Accounts” for 25 million children under 10 years old.
The announcement, made on Tuesday, would expand on President Donald Trump’s Invest America package, also known as the formal name behind “Trump Accounts.” The program, part of Trump’s “One Big Beautiful Bill” legislation, would allow the Department of Treasury to contribute $1,000 into accounts for babies born between Jan. 1, 2025, and Dec. 31, 2028.
Trump Accounts, which would be private property of the child’s guardian, would track a stock index and allow for additional private contributions of up to $5,000 per year.
The Dells’ contribution would expand upon that legislation to offer $250 for children age 10 and younger starting on July 4, 2026. These children would live in ZIP codes with a median household income of $150,000 or less and would not receive contributions from the Treasury department as part of the “Trump Accounts” program.
“These deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution,” the Dells said in a statement.
Children over the age of 10 may also receive a deposit if there are leftover funds following initial sign-ups, they added.
This isn’t the first time the Dells have pledged donations to the program. In a June White House roundtable attended by President Trump, business leaders, and lawmakers, Dell said that Dell Technologies would match the contribution dollar-for-dollar for every child born to the organization’s employees.
The opportunity to expand financial support for children, as well as Trump’s Invest America program, inspired the Dells to gift the donation, Michael Dell said. Dell, who according to Forbes is currently worth $148 billion, encouraged other philanthropists, as well as children’s family members and friends, to also contribute to the accounts.
“We believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future. And we believe everyone has a role to play,” the Dells stated.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
