"The Dells' gift will use the Trump Accounts infrastructure to give $250 to each qualified child under 10. We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come, said Michael Dell, the founder and CEO of Dell Technologies whose estimated net worth is $148 billion, according to Forbes."
"Michael Dell said they wanted to mark the 250th anniversary of U.S. independence. We want these kids to know that not only do their families care, but their communities care, their government, their country cares about them, said Susan Dell. And we're all rooting for them to have a wonderful future, a bright future, and that that's available to them."
Michael and Susan Dell pledged $6.25 billion to provide $250 to 25 million American children under 10 who claim investment accounts created by recent tax and spending legislation. The gift will leverage the Trump Accounts infrastructure, under which the U.S. Treasury will deposit $1,000 into accounts for children born between Jan. 1, 2025 and Dec. 31, 2028. The Dells plan to launch their contribution on July 4, 2026. Trump Accounts are available to any American child under 18 with a Social Security number and must be invested in an index fund that tracks the overall stock market. The Dells describe the program as building hope, opportunity and intergenerational prosperity.
Read at www.mercurynews.com
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