Billionaire Michael Dell and his wife, Susan, announced Monday that they will give 25 million American children a $250 deposit
Billionaire Michael Dell and his wife, Susan, announced Monday that they will give 25 million American children a $250 deposit as an initial boost to President Donald Trump’s new investment program for children.
The Dells’ pledge totals $6.25 billion and will be routed through the Treasury Department. The goal, they say, is to extend access to the federal Invest America program — referred to as “Trump accounts” — established by the One Big Beautiful Bill Act, signed into law by the president in July.
The federal program guarantees a $1,000 federally funded account for every child born from 2025 through 2028, but the Dells’ money will instead cover children 10 years old and younger in ZIP codes where the median household income is under $150,000, according to Bloomberg.
“What inspired us most was the chance to expand this opportunity to even more children,” the Dells wrote in the press release. “We believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future.
