WASHINGTON, July 5 (DC Times Online) — Michael Dell and Susan Dell pledged $6.25 billion to help seed Trump Accounts for 25 million U.S. children, giving qualifying families an added $250 per child as the federal savings program launches on Independence Day.
The White House said the Dells’ charitable commitment will reach children age 10 and under who live in ZIP codes with median incomes below $150,000. The money is intended to supplement a $1,000 government seed deposit for eligible U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028.
Michael Dell, founder of Dell Technologies, and his wife, Susan Dell, are using the program’s framework to direct the funds to families that meet the age and income limits, according to the White House release. The administration said the accounts remain under guardian control until age 18.
The White House said the balances can later be used for education, a first home or starting a business once the child reaches adulthood. It said contributions to Trump Accounts begin July 4, 2026, tying the rollout to the nation’s 250th anniversary of independence.
The White House said President Donald Trump joined the Dells to mark the milestone and that the gift was one of the largest direct investments ever made in American families.
