Dell Technologies founder Michael Dell has pledged $6.25 billion to establish investment accounts for 25 million American children, aiming to enhance financial inclusion and educational outcomes.
Dell Technologies founder Michael Dell is making headlines with a significant philanthropic commitment aimed at supporting American children. In a recent announcement, Michael and Susan Dell revealed their pledge of $6.25 billion to fund investment accounts for approximately 25 million children across the United States, an initiative linked to the name of former President Donald Trump.
In an interview with CNBC, Michael Dell explained the purpose of this initiative, stating, “It’s designed to help families feel supported from the start and encourage them to keep saving as their children grow.” He emphasized the long-term benefits of such accounts, noting that children with access to savings are statistically more likely to graduate from high school and college, purchase homes, start businesses, and are less likely to face incarceration.
This pledge is reportedly the largest ever made for American children, according to Invest America, a nonprofit advocacy organization collaborating with the Dells on this initiative. The Dells’ commitment aligns with a new federal program that enables parents to open tax-advantaged investment accounts for children under 18 who possess Social Security numbers.
Under this federal initiative, children born between 2025 and 2028 will receive a federal grant of $1,000 to initiate these so-called “Trump accounts.” Parents will have the opportunity to open and contribute to these accounts starting July 4, 2026, although specific guidance from the IRS is still pending.
Michael Dell expressed a desire to extend support beyond the federal program, stating, “We want to help the children that weren’t part of the government program.” This approach aims to ensure that children who may not have access to the federal seed money can still benefit from structured savings and investment opportunities.
The Dells’ initiative reflects a broader vision of financial inclusion, where access to savings accounts can foster educational achievement, homeownership, entrepreneurship, and ultimately reduce social risks over time. By contributing to this new federal investment account program, the Dells are not only providing immediate financial support but also highlighting the role of private philanthropy in complementing public programs.
While the program is still in its early stages, the potential impact will depend on participation rates and the performance of investments. Nevertheless, the Dells’ substantial donation sets a significant precedent for large-scale private support aimed at enhancing the lives of children, showcasing how strategic philanthropy can influence social and economic outcomes for future generations.
Michael Dell remarked on the importance of the federal program, saying, “It would have been impractical, or maybe even impossible, to impact this many kids in this way without such a program.” His comments underscore the critical role that both public and private efforts can play in addressing the financial needs of children and their families.
As the initiative unfolds, it will be closely watched by advocates for children’s welfare and financial education, marking a potentially transformative step in how investment accounts can be leveraged to promote long-term success for young Americans.
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