Michael and Susan Dell to donate $6.25 billion to fund Trump Accounts for 25 million U.S. kids

Core Insights - Michael and Susan Dell have committed $6.25 billion to fund investment accounts for approximately 25 million American children, marking the largest donation ever aimed at American children according to Invest America [1][2] Group 1: Investment Accounts - The initiative is designed to support families and encourage saving, with research indicating that children with such accounts are more likely to graduate from high school and college, buy homes, and start businesses, while being less likely to face incarceration [2] - The Dells will seed "Trump Accounts" with $250 for children aged 10 or under born before January 1, 2025, targeting families in ZIP codes with a median income of $150,000 or less [3] - The federal program allows parents to open tax-advantaged investment accounts for children under 18, with a federal grant of $1,000 for U.S. citizens born between 2025 and 2028 [2][3] Group 2: Program Details - The Trump Accounts can only be invested in low-cost diversified funds tracking a U.S. stock index, providing children with early exposure to stock market growth [5] - The Dells' commitment is complemented by Dell Technologies' pledge to match the $1,000 grants from the U.S. Treasury for new children of employees [6] - The initiative aims to impact a significant number of children, facilitated by the new federal program, which makes large-scale charitable contributions more feasible for corporations and philanthropists [7]