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.
Priority will go to younger children if demand exceeds available funds, according to a fact sheet on OneDell.com.
"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.
Under the initiative, all children under 18 are eligible for an investment account, into which parents can contribute up to $5,000 a year. It will begin on July 4, 2026, and will be funded by the Treasury.
The Dells' $6.25 billion donation comes in addition to the broader Trump Accounts scheme, expanding it to include older children.
The key difference is that the 25 million accounts that the Dells donate to will be accessible to children who were born before the qualifying date for the federal newborn contribution, according to a press release on OneDell.
The money is expected to reach nearly 80% of children under 10 who were born before the qualifying date for the federal newborn contribution.
Children older than 10 may also benefit from Dell donations if funds remain available after initial sign-ups.
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.
