Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, have pledged $6.25 billion to support a new federal savings program created for America’s children, known as "Trump accounts."The program, tucked into the One Big Beautiful Bill Act and signed into law by President Donald Trump on July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028 with a one-time $1,000 government deposit at birth. Families can open an account once the child has a Social Security number, and funds cannot be withdrawn until the child turns 18.
These investment accounts are simple, secure, and structured to grow in value through market returns over time. At age 18, these young Americans can have a financial foundation for continued education, job training, home ownership, or future savings. It’s a simple yet very powerful idea," the couple said in a statement.
That long-term potential, they said, is why they chose to help bring the program to millions more families.
"Through our charitable funds, we are thrilled to be contributing $6.25 billion to seed 25 million additional accounts with $250 each. These deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution," the couple said. ... Read More: FOX News