Dell CEO Commits Multi-Billion-Dollar Gift to Jump-Start President Trump’s Investment Accounts for 25 Million American Children

In one of the largest private charitable commitments in recent U.S. history, Dell Technologies CEO Michael Dell and his wife, Susan Dell, announced Tuesday that they will donate $6.25 billion to support President Donald Trump’s new nationwide children’s investment program — commonly known as “Trump Accounts.”

The contribution will help seed accounts for 25 million American children, dramatically expanding the reach of one of President Trump’s most ambitious wealth-building initiatives for the next generation.

A lesser-known provision of the “Big Beautiful Bill,” signed into law in July, established these accounts as a new class of tax-advantaged investment vehicles. According to Axios, the law “creates a new class of investment account in the tax code. Every American born between 2025 and 2028 automatically receives an account with $1,000 from the U.S. Treasury, which will be invested in a low-cost index fund.” The funds belong to the child and remain in custodial trust until age 18, after which they convert into a traditional retirement account with flexibility for education or other qualified uses.

In their announcement, the Dells praised the program’s design and long-term impact. “This automatic $1,000 deposit by the federal government gives every American newborn a transformative head start,” they said.

President Donald Trump has emphasized from the beginning that the program was created to invite—and unlock—private generosity. During the rollout earlier this summer, he noted that the accounts “will be open for additional private contributions each year from family, friends, parents, employers, churches, private foundations, and more.”

The law also allows Americans under 18 who were born before 2025 to have an account created for them, although they will not qualify for the initial $1,000 federal deposit. Research strongly supports the model, as President Trump pointed out: “Extensive research shows that children with savings accounts are more likely to graduate high school and college, buy a home, start a business, and are less likely to be incarcerated.”

The Dell family’s monumental pledge aims to close that gap for older children who will not automatically receive Treasury seed funding.

“Through our charitable funds, we are thrilled to be contributing $6.25 billion to seed 25 million additional accounts with $250 each,” the couple announced. “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.”

Drawing on decades of philanthropic work, the Dells said the impact goes far beyond savings. “From our years of experience in supporting education, health, and financial stability programs, we know that this program will give young Americans more than a savings account. It will give them momentum. It will give them confidence and opportunity.”

Michael Dell told CNBC that the goal is simple: help the millions of children outside the federal eligibility window. “We want to help the children that weren’t part of the government program,” he said. The Dell family’s contributions will be directed to communities with median incomes of $150,000 or less, ensuring support reaches middle-class and working-class families nationwide.

“What we hope is that every child sees a future worth saving for it,” Dell added. “You think about the compounding effect of a program like this in 10, 20, 30 years on millions of children. That’s what gets us excited.”

Parents must open a Trump Account in order for their child to receive the $250 contribution.

Dell has also suggested the initiative could spark a new era of broad-based philanthropy. He told Axios this summer “that he could envision wealthy individuals choosing to make major gifts to entire ZIP codes or other geographies, via a mechanism that the Treasury Department has been charged with developing.”

“The ability of families, friends, benefactors, and employers to match the government’s generosity amplifies the life-changing potential of this initiative,” Dell said.

Additional reporting from Forbes noted that recipients can, at age 18, withdraw up to 50 percent of the account’s value. They can access the full amount at age 25 for “qualified purposes, including small business loans and higher education, before gaining full control of the entire balance at 30 for any use.”