Dell Technologies Co-Founder Michael Dell talks $6.25 billion donation to Invest America

Core Points - Michael and Susan Dell announced a $6.25 billion donation aimed at providing $250 to 25 million American children to support the Invest America program [1][3] - The Invest America Act, passed on July 4th, will provide $1,000 to every newborn starting from 2025 to 2028 [2] - The Dells' donation specifically targets children aged 2 to 10 from households with a median income below $150,000 [3] Program Details - The accounts established through this initiative can be utilized when the child turns 18 for various purposes such as education, starting a business, or buying a home [4] - Research indicates that children with such accounts are more likely to graduate from high school and college, and become successful adults [4] Philanthropic Impact - The Dells are optimistic that their contribution will inspire other philanthropists and companies to participate in the program [5] - The initiative encourages contributions from families, friends, and communities, enhancing the potential for compounding growth in these accounts [6] Long-term Vision - The Dells envision substantial long-term impacts due to compounding, with potential contributions from employers and family members significantly increasing the initial amounts [7][8] - Funds will be invested in a large index fund, primarily the S&P 500, which is expected to yield positive returns over time [9]