Dell Technologies founder Michael Dell and his wife, Susan Dell, are committing a massive $6.25 billion to help millions of American children build long-term wealth. This huge private-sector pledge is a direct boost to the federal investment accounts—known as Trump Accounts—signed into law under President Donald Trump.
The Dells' investment aligns with the kind of upward mobility conservatives have long championed. Michael Dell told CNBC that the accounts can improve life outcomes, helping young people "graduate, buy homes, and start businesses." This is the antidote to government dependency.
The new federal program allows parents to open special accounts for children under 18 with Social Security numbers. U.S. citizens born from the beginning of 2025 through 2028 will receive a $1,000 federal grant to seed these Trump Accounts.
The Dells are stepping in for children not covered by the federal birth-year window. They committed to seed Trump Accounts with $250 for roughly 25 million children age 10 and younger in lower- and middle-income ZIP codes.
Dell told CNBC, “We want to help the children that weren’t part of the government program,” ensuring no child is left behind. This is patriotic capitalism driving opportunity where Washington cannot.
The accounts are designed to invest in low-cost, diversified funds that track the U.S. stock index. This structure gives children a real stake in American economic growth and aligns perfectly with free-market principles.
Hedge fund manager Brad Gerstner, founder of Invest America, said the goal is to create a culture of saving. The initial seed money is a start, but the long-term objective is to nudge parents and communities to contribute over time.
Dell Technologies has pledged to match the federal $1,000 grants deposited into accounts for newborn children of employees. This shows corporate America supporting its workers and expanding the impact of the America First initiative.
The accounts were originally called "MAGA accounts" before being officially named Trump Accounts in the House’s late revision of the bill. Dell said he hopes other major philanthropists will follow his lead because, as he put it, "What we hope is that every child sees a future worth saving for."