Michael Dell to put $250 in millions of children’s accounts

Core Points - Michael and Susan Dell are initiating a philanthropic effort to provide $250 deposits in individual investment accounts for 25 million children, totaling $6.25 billion [1][2] - The initiative expands eligibility to children up to 10 years old from families living in areas with a median household income below $150,000 [2] - The accounts, known as "Trump accounts," will allow deposits of up to $5,000 per year until the child turns 18, with tax-free growth but taxable withdrawals [3] Financial Structure - The U.S. government will establish the investment accounts next year, with specific operational details yet to be announced [2] - The Dells' contribution aims to enhance opportunities and community strength, helping children take ownership of their financial futures [3] Background Information - Michael Dell, founder of Dell Technologies, has a personal fortune of nearly $150 billion, reflecting significant wealth accumulation through direct-to-consumer sales strategies [4]