WASHINGTON, July 5 (DC Times Online) — Michael and Susan Dell have pledged $6.25 billion to help fund new Trump Accounts for 25 million American children age 10 and under, a White House release said, in one of the largest private gifts tied to a federal savings-style program.
The gift is intended to provide an additional $250 to each qualifying child in ZIP codes with median incomes below $150,000, according to the White House. The administration said the accounts are meant to help families build long-term wealth for uses such as education, a first home or starting a business once the child reaches adulthood.
Trump Accounts are available for U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028, and begin with a $1,000 government seed contribution from the Treasury Department, the White House said. The administration said contributions to the accounts are scheduled to begin on July 4, 2026, as part of the nation’s 250th anniversary.
The White House said the accounts remain under guardian control until age 18. In a post on X cited by Fox Business, Michael Dell said the effort was a “public-private partnership” that gives the next generation “a real stake in our economy and a path to the American Dream.”
The White House said President Donald Trump joined the Dells to celebrate the milestone and described the gift as one of the largest direct investments ever made in American families.
