A new initiative aims to give millions of young children in the United States an early financial boost. Michael and Susan Dell have pledged a gift of $6.25 billion to help fund investment accounts for 25 million children under a program recently put into law. Their contribution will provide $250 to each eligible child as seed money for the newly created Trump Accounts, which are designed to support long term savings and future opportunities.
Children who meet the criteria must have Social Security numbers and be age 10 or younger, born before January 1, 2025. The Dells say their goal is to reach children who need the support the most, which is why the gift focuses on families living in ZIP codes with a median income under $1,50,000. According to the couple, this donation will reach nearly 80% of children within the eligible age range across 75% of ZIP codes in the country. Parents will need to create Trump Accounts for their children in order to receive the funds.
Under the One Big Beautiful Bill Act signed earlier this year, every baby born from this year through 2028 will automatically receive a Trump Account with $1000 from the United States Treasury. Children under 18 can have these accounts, but only newborns qualify for the Treasury funded amount. The Dells say their donation is meant to help children who are too old to receive that federal contribution. Susan Dell has encouraged parents to remember July 4 2026, the date when accounts can be claimed. Once created, families and others can contribute up to 5000 dollars each year until the child turns 18.
The money in these accounts will grow over time through investments in low cost stock funds that follow market indexes. When beneficiaries turn 18, they can choose to convert the funds into a retirement account or use the money for education, a first home or starting a business. The value of the accounts will vary widely based on contributions. The White House says maximum contributions could grow an account to nearly $1.1 million by age 28, while accounts with no added contributions may reach about $18,100. Some administrative details remain unclear. A recent update from a financial institution noted that it is still not known who will open the accounts or where they will be held and advised families to seek guidance from a financial or tax adviser.
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