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9h ago

Michael and Susan Dell Pledge $6.25 Billion to Boost Children’s Federal ‘Trump Accounts’

The gift directs $250 top‑ups to as many as 25 million younger children in lower‑income ZIP codes, with program operations targeted for mid‑2026.

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WASHINGTON, DC - DECEMBER 02: (L-R) Tech billionaire Michael Dell speaks as his wife Susan Dell and U.S. President Donald Trump look on while making an announcement about "Trump accounts" in the Roosevelt Room at the White House on December 02, 2025 in Washington, DC. Dell is contributing $6.25 billion of his own money to the program, which aims to have the government provide $1,000 in seed money for investment accounts that will be granted to children born in the next four years. (Photo by Chip Somodevilla/Getty Images)
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Overview

  • Announced on GivingTuesday at the White House, the Dells’ donation funds an extra $250 for children age 10 and under born before Jan. 1, 2025.
  • Eligibility for the $250 top‑up is targeted to ZIP codes with median household income at or below $150,000, according to the announcement reported by The Mirror US.
  • The federal program provides a one‑time $1,000 Treasury seed for eligible births from 2025 through 2028, creating long‑term investment accounts for children.
  • The Treasury and IRS say sign‑ups are expected to open in mid‑2026 with initial deposits after July 4, 2026, using IRS Form 4547 or an online portal, and an authorized adult must open the account for a child under 18.
  • Rules under development require low‑cost, broad U.S. stock index funds and generally bar withdrawals until age 18, with only narrow exceptions during the growth period.