"On Dec. 2, Dell Technologies ( ) founder and CEO Michael Dell and his wife, Susan, announced a $6.25 billion donation to fund the new "Trump Accounts" for 25 million American children under age 10. These tax-advantaged investment accounts, created under President Trump's 2025 tax legislation, aim to build long-term wealth by investing in stock market index funds. The federal government already plans to provide $1,000 grants for newborns through 2028, but the Dells' gift covers older kids in lower-income zip codes with $250 each."
"Once critics of his policies, figures like Elon Musk and Mark Zuckerberg have warmed to the president, donated to Republican causes, and attended events at Mar-a-Lago. Dell, with a net worth over $150 billion, framed the $6 billion gift as an investment in future prosperity, echoing Trump's pitch for "real trust funds" for every child. Shares of Dell Technologies rose 3% after the announcement, suggesting a halo effect that the market approved of."
Michael and Susan Dell pledged $6.25 billion to fund new tax-advantaged "Trump Accounts" for 25 million American children under age 10, targeting kids born before 2025 and older children in lower-income zip codes with $250 each. The accounts, created under President Trump's 2025 tax legislation, invest in stock market index funds to build long-term wealth. The federal government will provide $1,000 grants for newborns through 2028. The Dells partnered with Invest America and leveraged the One Big Beautiful Bill Act allowing Treasury-managed accounts and unlimited nonprofit contributions. Critics say the program won't ease immediate poverty, though modest investments could grow substantially by adulthood. Bill Gates' foundation focuses on different global priorities, holding about $86 billion under management.
Read at 24/7 Wall St.
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