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In a historic act of Giving Tuesday generosity, tech titan Michael Dell and his wife Susan have pledged $6.25 billion to seed investment accounts for 25 million American children under 10, supercharging President Donald Trump’s “Trump Accounts” program.
Announced at the White House alongside the president, the donation injects $250 into each eligible account, targeting families in ZIP codes with median household incomes of $150,000 or less. “This is truly one of the most generous acts in the history of our country,” Trump declared during a press conference, his voice booming with enthusiasm. “Tens of millions of kids are getting a leg up – up to $1,000 each from federal seed money for newborns, plus this massive private boost. It’s going to multiply like you’ve never seen!”
The Trump Accounts, enshrined in the “One Big Beautiful Bill Act” signed on July 4, 2024, launches on America’s 250th birthday: July 4, 2026. The US Treasury will deposit $1,000 into tax-advantaged accounts for every US citizen child born between January 1, 2025, and December 31, 2028. Funds, invested in low-cost index funds tracking the stock market, remain locked until age 18, when beneficiaries can access them for education, home purchases, or continued growth. Families, employers, and donors can contribute up to $2,500 annually tax-free.
The Dells’ gift fills a critical gap, covering children born before the 2025 cutoff who might otherwise miss out. “We believe the smartest investment is in children,” Michael Dell said, emphasizing the program’s potential to foster “hope and prosperity for generations.”
Inspired by venture capitalist Brad Gerstner and his Invest America nonprofit, Dell – worth $148 billion per Forbes – had lobbied prior administrations without success until Trump’s embrace. Trump hinted at a wave of follow-on pledges, including from his own circle: “Many companies, many of my friends – I’ll be doing it too.”
Dell Technologies has already committed to matching federal contributions for employees’ newborns. Critics question the program’s reach amid 13 per cent child poverty rates, but advocates hail it as a bipartisan win for equity. Parents can register at http://trumpaccounts.gov once IRS guidance drops. As Trump put it: “This isn’t just money – it’s the American Dream, invested.”
This article was originally published by SnDMedia.
