Overview
- The Michael & Susan Dell Foundation will deposit $250 for each of up to 25 million eligible children age ten or younger born before January 1, 2025 in ZIP codes with median household incomes at or below $150,000.
- The gift complements the new federal program that provides a $1,000 starter deposit for newborns, with account activation planned to begin on July 4, 2026.
- The government accounts are not yet operational, and the U.S. Treasury is expected to select account models and define how funds will be distributed.
- Balances are intended to be invested until a child turns 18, with permitted uses including education costs, a first‑home down payment, or starting a business.
- Employers may contribute up to $2,500 annually per child under the law, and several firms—including Dell Technologies, Uber, and Goldman Sachs—have said they will match the federal $1,000 for newborns.