"Michael Dell, along with his wife Susan, announced on Tuesday they are donating $6.25 billion to so-called "Trump accounts"-a program that gives $1,000 of "free money" from the federal government to children in the U.S. born on, or after, January 1, 2025 through the end of 2028, while Trump is in office. The Dells' contribution will allocate about $250 per child, to 25 million children."
"Accounts are available to all children in the U.S. under age 18 with a Social Security number, and will be managed and activated through the U.S. Treasury, according to the factsheet for Invest America. The contributions come as part of Trump's One Big Beautiful Bill Act (OBBBA), which was signed into law this past summer."
"Parents "and community" (such as employers) can collectively contribute up to $5,000 per year to a Invest America account. There is no cap or limit for philanthropists, charitable organizations, or state or local government contributions. At what age can the money be withdrawn? Can it go toward college? Starting at age 18, a child with one of these accounts can use a portion of the savings for education or job training; starting a business; or buying a first home."
Invest America "Trump accounts" are federal long-term savings accounts seeded with $1,000 for children born on or after January 1, 2025 through the end of 2028. Michael and Susan Dell donated $6.25 billion to support the program, allocating about $250 per child to 25 million children; a separate Dell Foundation contribution targets children born 2016–2024 in ZIP codes with median household incomes below $150,000. Accounts are available to U.S. children under 18 with Social Security numbers and will be managed by the U.S. Treasury. Parents and community contributors can add up to $5,000 annually; philanthropists and governments face no cap. Funds will be invested in mutual or index funds and, starting at age 18, can be used for education, job training, starting a business, or buying a first home; unused funds convert into traditional IRAs.
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