Historical Donation from Michael Dell Supercharges Trump Accounts to benefit the future for America’s Kids

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(Yahoo Finance) – President Trump was joined by Dell Technologies (DELL) founder Michael Dell and his wife Susan on Tuesday afternoon at the White House to unveil a $6.25 billion gift from the couple to supplement new savings accounts for young children that were passed into law earlier this year.

Dell’s donation will go to the US Treasury, where in the year ahead it will be deposited in $250 increments into 25 million “Trump accounts” for children aged 10 or younger in low- and middle-income areas.

This private money will be in addition to $1,000 in federal dollars authorized in the One Big Beautiful Bill Act for newborn children as part of an overall program that is set to formally begin next July.

Trump called Dell’s multibillion-dollar gift “big stuff, I don’t care who you are” at the White House on Tuesday, promising the new accounts would amount to “trust funds for every American child.”

Dell then took the microphone and said he was happy to offer his support.

“We believe that the best investment we can make is an investment in children,” the businessman said. He called the new accounts “a platform” for family, friends, and companies to contribute to, saying he has already been lobbying other wealthy Americans to give money as well.

The outside money to start the accounts can be supplemented with annual after-tax contributions of up to $5,000 from the child’s parents and other sources. Employers will also be able to contribute up to $2,500 of that total. (View More at Yahoo Finance)

The White House shared some need to know facts about “Trump Accounts”;

  • Trump Accounts will be available to every U.S. citizen born between January 1, 2025, and December 31, 2028. These innovative, tax-advantaged savings accounts — created through President Trump’s Working Families Tax Cuts Act — enable a generation of American children to begin building wealth from the moment they are born.
  • Each Trump Account will launch with a one-time $1,000 government seed contribution. Families and others can contribute up to $5,000 annually; the funds will be invested in a broad stock-market index, remain private property under guardian control until age 18, and, if fully funded and left untouched, could grow to as much as $1.9 million by age 28.
  • Thanks to the Dell’s unprecedented gift, the first 25 million American children age 10 and under living in ZIP codes with median incomes below $150,000 will receive an additional $250. This historic act of generosity will give millions of low- and middle-income children an even stronger shot at achieving the American Dream.

Learn more at trumpaccounts.gov.

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