The billionaire couple’s foundation will help fund long-term investment accounts created under President Trump’s “One Big Beautiful Bill,” aimed at boosting youth savings and wealth building.
By yourNEWS Media Newsroom
Dell Technologies founder Michael Dell and his wife, Susan Dell, have pledged $6.25 billion to help millions of American children build long-term savings through new federally backed investment accounts known as “Trump accounts,” the couple announced Tuesday.
In an interview with CNBC, Dell said the initiative — launched through the Michael & Susan Dell Foundation — is designed to “support families from the start” by encouraging early saving and investment. He said the program’s goal is to strengthen household wealth and provide young Americans with a foundation for future success.
“These accounts can make a real difference,” Dell said. “They can help a young person graduate, buy a home, or start a business — that’s the kind of upward mobility our country should be focused on.”
The Dells’ commitment complements a federal initiative established under President Donald Trump’s One Big Beautiful Bill, which created tax-advantaged accounts for every U.S. child born between 2025 and 2028. Each eligible child receives a $1,000 federal grant to seed a “Trump account.” Parents will be able to open and contribute to these accounts starting July 4, 2026, once the IRS issues final guidance.
To fill the gap for children born before the federal eligibility window, the Dells will fund $250 seed deposits for all U.S. children aged 10 and younger as of Jan. 1, 2025, in households earning up to $150,000 annually. Their foundation estimates the effort will reach roughly 25 million children through its partnership with the nonprofit advocacy group Invest America.
“We want to help the children that weren’t part of the government program,” Dell told CNBC.
Each Trump account is designed to invest in low-cost, diversified index funds tied to the U.S. stock market — giving participants a direct stake in the nation’s economic growth. Supporters say the approach embodies free-market values while promoting financial independence for future generations.
Brad Gerstner, CEO of Altimeter Capital and founder of Invest America, said the program’s true power lies in the habit of saving it aims to create. “The seed money is a start, but the real goal is to build a culture where parents, communities, and employers keep contributing over time,” Gerstner said.
Dell Technologies also plans to match the $1,000 federal grants for newborn children of its employees, further expanding participation through corporate involvement.
Originally introduced in Congress as “MAGA accounts,” the savings initiative was rebranded as “Trump accounts” before passage. Although these accounts carry fewer tax benefits than traditional 529 education plans or Roth IRAs, advocates argue that their simplicity and scale make them accessible to families that typically lack investment options.
Michael Dell said he has already discussed the initiative with other major philanthropists and hopes it will inspire similar commitments. “What we hope is that every child sees a future worth saving for,” he said.
The Dells’ unprecedented $6.25 billion pledge represents one of the largest private-sector contributions ever made to a child wealth-building program — one aimed squarely at giving the next generation a tangible stake in America’s prosperity.
Original article
Comments