The Dells Pledge $6.25 for American Children Under Trump’s One Big Beautiful Bill Act
By The Blog Source
On Tuesday, Michael and Susan Dell announced a $6.25 billion pledge to help millions of children create real, lasting wealth through the new tax-advantaged "Trump accounts" established under President Trump's One Big Beautiful Bill Act. This is one of the largest private donations in American history. Coordinated with the nonprofit organization Invest America, the Dells' commitment will reach almost 25 million children, a number that no other youth-focused philanthropic endeavor in the nation can match.
In July, President Trump signed his massive tax and spending bill into law, which included the establishment of these accounts. Each child born between January 1, 2025, and December 31, 2028, is eligible to get a Trump account, which comes with a $1,000 initial deposit from the government. Thereafter, the funds will be invested.
Michael Dell stated in an interview with CNBC on Tuesday that the objective is straightforward: provide young Americans with a financial foundation at a young age to improve their opportunities for decades to come. He made a clear argument for the importance of early savings and ownership by saying, "We know that when children have accounts like this, they're much more likely to graduate from high school and from college, buy a home, and start a business, and they're less likely to be incarcerated."
Their action coincides with the federal government getting ready to implement Trump accounts across the country, which is a key component of the president's comprehensive economic plan that was enacted earlier this year. These accounts enable parents to open investment vehicles for children under the age of 18, as they are endowed at birth with a $1,000 federal grant for each U.S. citizen born between 2025 and 2028. After the IRS completes its advice, parents will be able to open and make contributions to the accounts on July 4, 2026.
Trump accounts are a generational tool that will "transform financial literacy for working families" and provide every child with "a stake in the economy and a pathway to long-term wealth," according to Treasury Secretary Scott Bessent, who has hailed the initiative. His assertion that Trump wants "everyone a shareholder" in America's prosperity has become a critical component of the administration's effort to return financial power to working families.
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“Trump accounts will be the first—I guess you could say—first real trust funds for every American child, allowing family members, employers, corporations, and generous donors to contribute money that will be invested and grow,” Trump stated during a White House press conference that highlighted the $6.25 billion donation.
The Dells' donation specifically targets children born before January 1, 2025, who are not eligible for the federal program. The $6.25 billion plan offers a $250 seed investment for each eligible child aged 10 or younger who lives in a ZIP code with a median income of $150,000 or less. Michael Dell stated, "We want to help the children that weren't part of the government program," stressing that these youngsters shouldn't be left behind just because they were born a little earlier.
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The contribution is a significant endorsement of Trump's economic strategy by the business sector, supporting the president's argument that recreating the middle class requires increasing ownership, savings, and long-term financial security. Additionally, it shows that business executives saw Trump accounts as a tool for generational change rather than just a test of policy.
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