Michael and Susan Dell Donate $6.25 Billion to Children's Savings Programs

New Children's Savings Initiative

• 🎯 The initiative aims to provide children under 10 with access to thousands of dollars through a public-private plan.
• 🇺🇸 The program is linked to President Trump's signature tax and spending legislation, the "One Big Beautiful Bill."

Federal 'Trump Accounts'

• 💰 The Treasury Department will initially deposit $1,000 into accounts for children born between January 1, 2023, and 2028.
• 📈 Funds must be invested in an index fund that tracks the stock market.
• 🎓 Upon turning 18, recipients can withdraw funds for education, a home, or starting a business.

Dell Family's Historic Donation

• 🌟 Michael and Susan Dell have made a significant private commitment of $6.25 billion to US children.
• 🤝 This donation will provide $250 each to 25 million children aged 10 and younger.
• 🏠 Eligibility for the Dell donation is for children in zip codes with a median family income of $150,000 or less, who do not qualify for the federal newborn accounts.

Program Rollout and Impact

• 🌱 The Dells believe this initiative will foster hope, opportunity, and prosperity by giving children a visible future to save for.
• 🗓️ Signups for the accounts are anticipated to open next summer, with Invest America managing the logistics.