Michael and Susan Dell donate $6.25 billion to encourage families to claim 'Trump Accounts'

Core Points - The Dells pledged $6.25 billion to incentivize 25 million American children under 10 to claim new investment accounts created by recent legislation [1][2] - This commitment is believed to be the largest single private donation made to U.S. children, with few charitable commitments exceeding $1 billion in the past 25 years [2] - The investment accounts, referred to as "Trump Accounts," will be managed by private companies and are set to launch on July 4, 2026 [3][5] Investment Account Details - Each qualified child will receive a $250 deposit from the Dells, with the Treasury also contributing $1,000 for children born between January 1, 2025, and December 31, 2028 [5] - Funds in these accounts must be invested in an index fund tracking the overall stock market, and families are encouraged to contribute additional funds [5] - Upon turning 18, children can withdraw the funds for education, home purchases, or starting a business [5] Philanthropic Goals - The Dells aim to inspire families to claim and contribute to these accounts, fostering a culture of saving and investment [6] - There is hope that other companies and philanthropists will also contribute to these accounts, enhancing the overall impact [6] - The initiative is seen as a unique platform to effectively distribute funds to needy children while ensuring that the money can grow with the economy [7]