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Dell CEO pledges $6.25 billion to ‘Trump accounts’ for American children
~news~societyusamichael dellinvestmentsphilanthropytrump accounts
www.washingtonpost.com Dec 2, 2025Tildes

Summary

Dell Technologies founder and CEO Michael Dell and his wife, Susan, said Tuesday that they plan to donate $6.25 billion to seed investment accounts for 25 million American children, building on a program launched in President Donald Trump’s massive tax and immigration legislation signed into law this year.

The savings accounts, also known as “Trump accounts,” are tax-advantaged investment accounts for children intended to save for their futures. The U.S. Treasury will contribute $1,000 to the accounts for children born from 2025 through 2028 as outlined in the legislation signed into law by Trump. The Dells’ announcement will seed 25 million additional accounts with $250 each, dedicated to the accounts of children 10 and under who don’t qualify for the federal government’s $1,000 contribution.

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The Dells called on companies and other philanthropists to donate to the accounts and referred to the new investment vehicles as “simple, secure and structured to grow in value through market returns over time.” Michael Dell told The Post that the funds will be donated directly to the accounts, with his team “working with the Treasury Department to have a fast and seamless process.” The funds will come from “various charitable vehicles” of the Michael and Susan Dell Foundation, according to a spokesperson for the couple.

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The accounts, which parents and guardians activate through the U.S. Treasury, are available to all American children under 18. The Dells said in a statement that children older than 10 could receive seed money from their donation if funds remain after initial sign-ups. It was unclear when the initial sign-up period would end.

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In addition to the one-time government contribution, parents and others can contribute $5,000 a year to the accounts beginning in 2026, which beneficiaries can access at 18, with some constraints.

While the funds grow tax-deferred, financial planners say parents and guardians might do better putting their money into existing investment vehicles such as a 529, a savings plan designed to cover college expenses. But 529s are limited to education, while backers say the new accounts can help recipients beyond college.