It’s been almost 42 years since Michael Dell founded the pioneering PC company now known as Dell Technologies (No. 44 on the Fortune 500) in his freshman dorm room at the University of Texas at Austin. A decade later, he started to give his wealth away, formalizing his philanthropic efforts in 1999 with the establishment of the Michael and Susan Dell Foundation.
On Dec. 2, the Dells announced a $6.25 billion donation—more than double the amount that their foundation has given out to date—to augment the Invest America accounts, or so-called Trump accounts, that will launch next year for U.S. citizens under 18 as mandated by the One Big Beautiful Bill Act. Washington will fund a $1,000 seed deposit for babies born between 2025 and 2028. Money in the accounts will be invested in U.S. index funds and taxed upon distribution.
