Michael and Susan Dell have committed to donating a whopping $6.25 billion to encourage parents of American children under 10 years old to take advantage of so-called “Trump accounts.”
The billionaires revealed their big plan Tuesday. Their contribution will reportedly result in an extra $250 being seeded to each child’s “Trump account,” according to CNBC.
Here’s the deal … there’s a new federal program allowing parents to open tax-advantaged investment accounts for kids under 18 — provided they have Social Security numbers. United States children born anytime from the beginning of 2025 to the end of 2028 will automatically receive a federal grant of $1,000 for the accounts — if their parents open a “Trump account,” beginning July 4, 2026.
Michael added he’d been in contact with other philanthropists, some of whom were apparently keen on the idea of pledging funds to Trump accounts.
