Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan Dell, have pledged $6.25 billion to support a new federal savings initiative for children known as “Trump accounts.”
The program, created under the One Big Beautiful Bill Act and signed by President Donald Trump on July 4, provides a one-time $1,000 government deposit for every child born between Jan. 1, 2025, and Dec. 31, 2028. Families can open an account once a child has a Social Security number. Funds generally cannot be withdrawn until the account holder turns 18.
Parents and relatives may contribute up to $5,000 per year, with that limit potentially adjusted for inflation after 2027.
“These investment accounts are simple, secure, and structured to grow in value through market returns over time,” the Dells said in a statement. “At age 18, these young Americans can have a financial foundation for continued education, job training, homeownership, or future savings. It’s a simple yet very powerful idea.”
The couple said the program’s long-term compounding potential is what motivated their contribution.
“Through our charitable funds, we are thrilled to be contributing $6.25 billion to seed 25 million additional accounts with $250 each,” they said. “These deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution.”
The pledge comes as Trump is expected to provide additional details about the initiative on Tuesday.
According to Treasury projections, these accounts could grow substantially over time if families contribute the maximum amount and leave the money invested. The Treasury Office of Tax Analysis estimates that an account could reach as much as $1.9 million by age 28 if fully funded and left untouched to compound.
