The Dells are promising to give $250 to 25 million American kids under age 10. Here’s what you need to qualify.
In a significant move to bolster the future of American children, Michael and Susan Dell have announced a remarkable pledge of $6.25 billion through their charitable foundation. This initiative aims to enhance the financial security of families and encourage long-term savings for children. Michael Dell emphasized the couple’s belief that investing in children is the most impactful way to support future generations. The funds will be allocated to 25 million American children, with each eligible child receiving a $250 grant. This initiative aligns with the broader “Trump Accounts” program, part of the Invest America initiative, which seeks to provide financial assistance and savings opportunities for children from low- to middle-income families.
To qualify for this grant, children must be 10 years old or younger, born before January 1, 2025, and reside in areas where the median income does not exceed $150,000. Parents can easily access these funds by opening a Trump Account, which will automatically enroll their child in the program. The Dells have encouraged community involvement, highlighting that contributions can come from various sources, including family and friends, which can significantly enhance the child’s savings over time. Susan Dell noted the importance of these accounts, stating that every contribution has the potential to grow alongside the child, reinforcing the idea that collective support can create lasting opportunities.
The Dells’ philanthropic efforts come as part of a larger federal initiative that aims to provide a $1,000 federal grant to U.S. citizens born between 2025 and 2028, with an option for parents to contribute up to $5,000 annually. This program, set to launch on July 4, 2026, is part of the Trump administration’s One Big Beautiful Bill Act, which seeks to provide financial stability and growth opportunities for American families. With Michael Dell’s wealth, estimated at $148 billion, he stands as the eleventh-richest person globally, making this substantial pledge a powerful statement about the importance of investing in the future of children. The Dells’ initiative not only aims to provide immediate financial support but also fosters a culture of saving and investment in children’s futures, ultimately contributing to the betterment of society as a whole.
https://www.youtube.com/watch?v=xWPv4-0CVqw
Michael and Susan Dell have pledged $6.25 billion to support American children.
Robert Daemmrich Photography Inc/Corbis via Getty Images
Michael and Susan Dell have pledged to invest $6.25 billion to support the futures of American children.
“Susan and I believe the smartest investment we can make is in children,” Michael Dell wrote in a post on X.
Here’s who’s eligible for the money.
Michael and Susan Dell
have committed to paying $250 into the accounts of 25 million American children.
The $6.25 billion donation, which comes from the Dells’ charitable fund and was announced on Tuesday, is designed to “help families feel supported from the start and encourage them to keep saving as their children grow,” Michael Dell told CNBC in an interview.
The Dells have partnered with the Invest America initiative, a federal program that aims to help families and employers put children on a stronger financial path into adulthood. The program is better known as ”
Trump Accounts
.”
In order to qualify for the money the Dells are pledging, the child must:
Be 10 years or younger
Have been born before January 1, 2025
Live in a ZIP code where the median income is $150,000 or less
Parents with children who meet the criteria will simply have to open a Trump Account to automatically receive a grant from the Michael & Susan Dell Foundation, the couple told CNBC.
“Susan and I believe the smartest investment we can make is in children,” Michael Dell wrote in a post on X. In
a video
accompanying the post, the couple encouraged US citizens to contribute to the accounts.
“The real power of these accounts is that anyone can contribute, parents, friends, relatives. Everyone can help shape a child’s future,” said Susan Dell in the video.
“To parents and caregivers, stay tuned and get ready to activate your child’s account,” she said. “Every contribution can grow over the years, just like your child.”
“Together we can make possibility something that every child can count on,” added Michael Dell.
The Dells’ donation will sit alongside the broader “Trump Accounts” investment initiative being run by Invest America. The program is part of
President Donald Trump’s One Big Beautiful Bill Act
.
Trump Accounts is the administration’s plan to give a federal grant of $1,000 to US citizens born from the beginning of 2025 through 2028 and allow parents to contribute up to $5,000 a year. The initiative will begin on July 4, 2026.
Michael Dell, the founder and chairman of the
computer company Dell
, is the eleventh-richest person in the world. As of Monday’s market close, his fortune was worth $148 billion, according to the Bloomberg Billionaires Index.
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Business Insider
Eric
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