Dells donate $6.25B to encourage families to claim 'Trump Accounts'
9 days ago
- #Philanthropy
- #Trump Accounts
- #Child Investment
- Michael and Susan Dell pledged $6.25 billion to fund 'Trump Accounts' for 25 million American children under 10.
- The 'Trump Accounts' program, part of President Trump's legislation, provides $1,000 investment accounts for children born between 2025-2028.
- The Dell's donation adds $250 per qualified child under 10, targeting families in ZIP codes with median incomes ≤$150,000.
- The accounts aim to help children invest in the stock market, with funds usable for education, home purchases, or starting a business at age 18.
- The program seeks to foster financial inclusion and long-term economic growth for young Americans.
- Critics note the accounts may not immediately reduce child poverty, as other social support cuts were included in the same legislation.
- The Dell Foundation has previously donated $2.9 billion, primarily focused on education.