Dells give $6.25 billion to launch “Trump accounts” #shorts #dell #trump
Bloomberg Television·2025-12-02 23:01

Philanthropic Initiative - Dells are donating $25 million to give $250 each to 100,000 American children for savings and investment [1][4] - The initiative targets children aged 2-10 living in zip codes with a median income of $150,000 or less, who are not included in the government program [3][4] - The aim is to inspire hope, opportunity, and prosperity among the recipients [4] Investment and Savings Program - The government is providing $1,000 to every newborn in an account linked to the S&P 500 for long-term growth [2] - The funds can be used for education, starting a business, family expenses, continued savings, or buying a home when the child turns 18 [3] Corporate and Philanthropic Collaboration - The initiative aligns with the Invest America Act, encouraging contributions from companies, families, communities, and philanthropists [2] - Dell Technologies and other companies are expected to match the government's contribution [5] - Other philanthropists are expected to make significant gifts to support the program [5]