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Michael Dell's $6.25 Billion Donation for 'Trump Accounts' to Support 25 Million U.S. Children and Federal Investment Initiative for Newborns in 2026

Michael and Susan Dell have committed $6.25 billion to fund investment accounts for approximately 25 million American children, marking the largest philanthropic effort aimed at supporting youth in U.S. history. The donation will seed tax-advantaged 'Trump Accounts' for children, especially targeting those in lower-income ZIP codes, with initial seed money of $250 for children aged 10 or under born before January 1, 2025. This initiative aligns with a new federal program that provides a $1,000 grant from the U.S. Treasury for children born from 2025 to 2028, with contributions starting in July 2026. The accounts are designed to encourage saving and investing early, with restrictions to invest only in low-cost U.S. stock index funds, and withdrawals allowed after age 18 for various purposes such as education, home purchase, or small business startup. Dell's pledge aims to complement the federal program, which offers up to $5,000 annually in contributions, with additional support from employers and charities. The program was inspired by hedge fund manager Brad Gerstner and the Invest America initiative, emphasizing long-term wealth building and financial literacy for children. Dell expressed hope that other philanthropists will contribute, believing that early investment can significantly impact future opportunities for millions of children. The White House has promoted this program as part of the broader 'One Big Beautiful Bill,' which includes tax cuts, border funding, and welfare reforms, with the goal of fostering economic growth and opportunity for future generations.

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