Dells Donate $6.25 Billion to U.S. Children's Savings Accounts

Michael and Susan Dell, the billionaire founders of Dell Technologies, announced on Tuesday a $6.25 billion donation to seed investment accounts for approximately 25 million American children, expanding a federal program established under President Donald Trump's One Big Beautiful Bill Act.

The contribution will provide $250 to each eligible child's account, targeting those born between 2016 and 2024 who live in ZIP codes where the median household income is below $150,000. This initiative builds on the government's plan to deposit $1,000 into accounts for every U.S. child born between January 1, 2025, and December 31, 2028. Known as Trump Accounts or Invest America accounts, these savings vehicles are designed for children under 18 with a Social Security number and will be managed by the U.S. Treasury.

Parents, employers, and communities can contribute up to $5,000 annually per account starting in mid-2026, with no limits on donations from philanthropists, charities, or state and local governments. The funds must be invested in low-cost U.S. stock index or mutual funds, allowing the money to grow tax-deferred. At age 18, account holders can withdraw portions for education, job...