Tech mogul Michael Dell said Tuesday he will pledge $6.25 billion to fund 25 million "Trump accounts" for kids.
Why it matters: The massive gift, likely one of the largest ever to benefit children, will extend the reach of the new child investment accounts beyond those made eligible by the "big beautiful bill."
What they're saying: "We're making a $6.25 billion investment in America's kids through our charitable funds," Dell said in a video posted to X.
- "We've seen what happens when a child gets even a small financial head start. Their world expands."
How it works: Trump accounts, also known as 530A accounts or Invest America accounts, are tax-advantaged savings and investment accounts for children.
- Kids born between 2025 and 2028 will get $1,000 in seed money from the Treasury to start their holdings.
- Dell's gift will provide a $250 seed for "most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution," per his website.
Flashback: Dell, who helped champion the creation of these accounts, told Axios in July that he could envision wealthy individuals choosing to make major gifts to entire ZIP codes or other geographies, via a mechanism that the Treasury Department was developing.
Dan Primack contributed reporting.
Editor's note: This story was updated with additional details and context.
