Around 25 million American children who would be too old to receive $1,000 for President Donald Trump’s proposed investment accounts could still be gifted up to $250 thanks to a massive donation from the founder of Dell Technologies.
Michael Dell and his wife, Susan, pledged to donate $6.25 billion to fund “Trump Accounts,” targeting children ages 10 and under who live in zip codes with a median income of $150,000 or less, CNBC reported. The investment accounts funded by the Dells would supplement the Trump administration’s $1,000 deposit into investment accounts for American babies born between the beginning of 2025 through 2028.
Invest America, the nonprofit organization that partnered with the Dells on the donation, said that it would be the largest donation ever to American children.
“We want to help the children that weren’t part of the government program,” Michael Dell told CNBC.
“It’s designed to help families feel supported from the start and encourage them to keep saving as their children grow,” he added. “We know that when children have accounts like this, they’re much more likely to graduate from high school, from college, buy a home, start a business and less likely to be incarcerated.”
Trump praised the Dells following their pledge, writing, “TWO GREAT PEOPLE. I LOVE DELL!!!”
Michael Dell founded his technology company, which was initially called “PC’s Unlimited,” in 1984. Dell computers soon became a household name, and he is now the 10th richest person in the world, with a net worth of around $150 billion, according to Forbes.
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The proposed federal government program to hand out $1,000 to American babies is set to begin next summer. Dell was behind the initial push to fund investment accounts for American children back in 2021 after he was convinced of the idea by venture capitalist and hedge fund manager Brad Gerstner, according to The New York Times. Gerstner, founder of the Invest America Charitable Foundation, reportedly discussed the idea with the Biden administration and lawmakers on Capitol Hill, but it did not take off until Dell spoke with President Trump earlier this year.
WASHINGTON, DC – JUNE 09: U.S. President Donald Trump greets Dell Technologies CEO Michael Dell (L) as they arrive for the Invest America Roundtable, where they discussed the Trump Accounts on June 9, 2025. (Photo by Win McNamee/Getty Images)
“We’ve always made our focus to getting the support as close to families as possible, and Invest America continues that work,” Susan Dell told the Times. “This is a slightly different way of doing this, but the opportunity now is to do something really major and really touch 25 million children that will really benefit from this in a huge way.”
Legislation introduced by Sen. Ted Cruz (R-TX) last year to create Invest America accounts for children was eventually renamed Trump Accounts and passed under the “Big, Beautiful Bill.” The accounts allow parents to invest in low-cost diversified funds so that their children can benefit from the growth of the U.S. stock market and save for major life events, such as starting college.
After an initial $1,000 deposit from the federal government, parents can contribute up to an additional $5,000 per year into Trump Accounts for their children, while employers would also be able to contribute up to $2,500 into the investment accounts without affecting an employee’s taxable income, according to the White House. Under Trump’s plan, parents will be able to open and contribute to their children’s Trump Accounts beginning on July 4, 2026.
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