Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional \u2018Trump Accounts\u2019 for children across the country.<\/p>\n
These accounts will be seeded with $250 each, and available for children who missed the eligibility cutoff for the $1,000 federally funded \u2018Trump Accounts\u2019 for babies born after Jan. 1, 2025. <\/p>\n
Children living in ZIP codes with median incomes below $150,000 will be the first to receive the funds, the White House said.<\/p>\n
\u2018The greatest investment that we could possibly make is in children,\u2019 Susan Dell said alongside President Donald Trump at the White House.<\/p>\n
\u2018It\u2019s really an amazing moment that two people would do that kind of a contribution,\u2019 Trump said.<\/p>\n
The president said he was also talking to other wealthy donors and friends to potentially make similar contributions.<\/p>\n
Michael Dell; President Donald Trump.<\/span>Errich Petersen; Chip Somodevilla \/ Getty Images<\/span><\/p>\n Asked how this donation came to be, Michael Dell said: \u2018We started talking about Texas only at the beginning. And then we thought about it some more, and we went back and forth, as we do on these things, and this is where we ended up.\u2019 <\/p>\n The Dells said they considered making the pledge for a long time. But they said they didn\u2019t want the pledge to be the end of their involvement. <\/p>\n Michael Dell encouraged states to \u2018really grow financial literacy\u2019 to help educate families about how the accounts and markets work. <\/p>\n \u2018These 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,\u2019 the Dells said in a statement issued by their foundation.<\/p>\n \u2018Children older than 10 may benefit, too, if funds remain available after initial sign-ups,\u2019 the Dell family said. \u2018It is an incredibly practical and direct step to help families begin saving today.\u2019<\/p>\n The Dells say they \u2018believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future.\u2019<\/p>\n The Dell family gift \u201cis expected to reach nearly 80% of children age 10 and under across 75% of U.S. zip codes,\u201d according to the nonprofit Invest America.<\/p>\n Children born after Jan. 1 and until Dec. 31, 2028, will receive an account infused with a $1,000 investment from the U.S. Treasury, as part of the recently passed One Big Beautiful Bill.<\/p>\n The accounts will open and begin accepting contributions starting on July 4, 2026. The accounts will initially be held by a financial firm designated by the Treasury Department, but later will be able to be transferred to any brokerage firm. <\/p>\n Those accounts will also be eligible for additional contributions of up to $5,000 per year until the beneficiary child reaches age 18. Withdrawals from the accounts are not permitted until the children reach that age.<\/p>\n Trump accounts can be invested only in low-cost index funds or ETFs that either mirror the S&P 500 or \u2018another American stock index,\u2019 according to the White House Council of Economic Advisers.<\/p>\n \u2018These investment accounts are simple, secure, and structured to grow in value through market returns over time,\u2019 the Dell family said.<\/p>\n \u2018Trump Accounts represent a potentially valuable tool for building up savings and tapping the power of compound growth for the young,\u2019 Charles Schwab tax planning director Hayden Adams recently wrote. <\/p>\n If a family could contribute and invest the maximum $5,000 per year in the accounts, and with a reasonable growth rate of about 6%, \u2018by age 18, the child\u2019s account would hold around $191,000 in assets.\u2019 <\/p>\n Once a child turns 18, the accounts are eligible to be converted to a traditional individual retirement account, \u2018meaning it could continue to accumulate potential gains on a tax-free basis\u2019 for many years.<\/p>\n The Dells are one of the wealthiest families in America, with a fortune of nearly $150 billion, according to Bloomberg Billionaires. The family\u2019s primary source of wealth is Dell Technologies, the company founded by Michael Dell in 1984. <\/p>\n In recent years, the value of Dell shares have been fueled by the booming AI revolution, for which Dell is a supplier of servers and other technology.<\/p>\n<\/p>\n Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional \u2018Trump Accounts\u2019 for children across the country. These accounts will be seeded with $250 each, and available for children who missed the eligibility cutoff for the $1,000 federally funded \u2018Trump Accounts\u2019 for babies born after […]<\/p>\n","protected":false},"author":0,"featured_media":22990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/22989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=22989"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/22989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/22990"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=22989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=22989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=22989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}