Michael and Susan Dell met with President Trump at the White House on Tuesday to discuss a significant donation of $6.25 billion aimed at benefiting 25 million American children under 10 who hold Trump accounts.
During a press conference in the Roosevelt Room, President Trump commended the Dells for their generosity, alongside Treasury Secretary Scott Bessent, House Speaker Mike Johnson (R-Louisiana), Sen. Ted Cruz (R-Texas), Altimeter Capital CEO Brad Gerstner, and others.
“To celebrate America’s 250th anniversary, the Dells revealed that they will give each of these 25 million American children $250 to save and invest in their Trump accounts, totaling $6.25 billion,” the president remarked.
“Michael and Susan, I really want to express my gratitude for this remarkable act of kindness, patriotism, and charity. It’s genuinely one of the most generous gestures in our nation’s history. Honestly, I’ve never seen anything like it,” he continued.
The funds will be allocated to the Trump accounts of children under 10 from ZIP codes where median incomes are below $150,000, as noted in a White House fact sheet.
These accounts were introduced in the “Invest in America Act,” part of the “One Big Beautiful Bill” that President Trump signed in July.
The tax-advantaged savings accounts will be accessible to all children under 18 with a Social Security number starting July 4, 2026. Families and other individuals will be able to contribute up to $5,000 annually. Additionally, kids born between 2025 and 2028 can receive a $1,000 seed investment from the U.S. Treasury.
Investments in these accounts will be made in broad, non-leveraged domestic equity index funds featuring annual fees of 0.10% or less. Withdrawals won’t be permitted until the child turns 18, at which point the account will function similarly to an IRA. Establishment of these accounts can be done through IRS Form 4547, which also allows for seed investment requests for those born between 2025 and 2028.
“When we passed the American Investment Act on July 4 of this year, it was truly inspiring to witness its development. This idea was first brought up by Brad back in 2021, and we thought it was fantastic then, so it’s exciting to see it come to life,” Michael Dell stated in the Roosevelt Room.
Dell mentioned that the Investing in America Act serves as a foundation for families, friends, communities, businesses, and philanthropists to support the youth of America.
“I’ve had discussions with many affluent Americans and philanthropists, and I’m optimistic that others will step forward as we collectively recognize the tremendous impact such gifts can have on the lives of our young people,” he added.
“We believe that instilling hope, opportunity, and prosperity in our children will create a future truly worthy of saving for,” stated Susan Dell.
