The Dells are promising to give $250 to 25 million American kids under age 10. Here's what you need to qualify.
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The Dells are promising to give $250 to 25 million American kids under age 10. Here's what you need to qualify.
""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 $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."
Michael and Susan Dell committed $6.25 billion to fund $250 deposits into accounts for 25 million American children. The funds come from the Michael & Susan Dell Foundation and will be delivered via the Invest America initiative, commonly called "Trump Accounts." Eligible children must be 10 years or younger, born before January 1, 2025, and live in ZIP codes with a median income of $150,000 or less. Parents need to open a Trump Account to receive the automatic grant. The initiative encourages contributions from parents, friends, and relatives so accounts can grow over time and support long-term financial futures.
Read at Business Insider
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