"On Tuesday, the Dells pledged to invest $250 into the accounts of 25 million American kids, totalling a $6.25 billion donation from their charitable fund. The couple partnered with the Invest America initiative, a federal program better known as "Trump Accounts," which plans to give $1,000 to eligible newborns. Gerstner helped spearhead the effort. He added that both he and Michael Dell have had conversations with prominent business leaders about the program ahead of its official launch on July 4, 2026."
""I expect you'll hear a steady drumbeat of announcements, not only by philanthropists, but by companies," he said. Under the Trump Accounts program, the administration plans to provide a one-time $1,000 federal grant to US citizens born between 2025 and 2028. Others can contribute up to an additional $5,000 tax-free to those accounts every year.Gerstner said he's been talking with the Dells, and other philanthropists and companies, about the program for years, and that direct giving has always been a "critical part of the mission.""
Michael and Susan Dell pledged $250 into accounts for 25 million American children, a $6.25 billion donation from their charitable fund. The gift partners with the Invest America initiative ("Trump Accounts"), which will provide a one-time $1,000 federal grant to US citizens born between 2025 and 2028. Families and others can contribute up to $5,000 tax-free annually to these accounts. Brad Gerstner of Altimeter Capital helped coordinate the Dells' gift and helped spearhead the effort. He expects additional donations and corporate commitments to follow ahead of the program's July 4, 2026 launch.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]