Michael, Susan Dell to Donate $6.25-B for "Trump Accounts"

Billionaires Michael and Susan Dell have pledged $6.25 billion to provide 25 million American children aged 10 and under an incentive to claim the new investment accounts created as part of President Donald Trump’s tax and spending legislation, Thalia Beaty and Darlene Superville reported for the Associated Press (AP).

The Dells’ gift will use the program’s infrastructure to give $250 to each qualified child under 11. (Photo: Business Wire) 

The historic gift has little precedent, with few single charitable commitments in the past 25 years exceeding $1 billion. Announced on GivingTuesday, the Dells believe it is the largest single private commitment made to U.S. children. Its structure is also unusual.

Essentially, it builds on the “Trump Accounts” program, under which the U.S. Treasury will deposit $1,000 into investment accounts for American children born between Jan. 1, 2025 and Dec. 31, 2028.

The Dells’ gift will use the program’s infrastructure to give $250 to each qualified child under 11.

“We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come,” said Michael Dell, founder and CEO of Dell Technologies, whose estimated net worth is $148 billion, according to Forbes.

Although the “Trump Accounts” became law in July as part of the president’s signature legislation, the Dells say the accounts will not launch until July 4, 2026. Michael Dell said they wanted to mark the 250th anniversary of U.S. independence.