Michael and Susan Dell commit $6.25B to Invest America accounts for US children

ENGLEWOOD CLIFFS, NEW JERSEY: The founder and CEO of Dell Technologies, Michael Dell and his wife, Susan, are set to contribute more than $6 billion to America’s children through Trump accounts.

The couple spoke to CNBC on Tuesday, December 2, and revealed that they wanted to help children who were not a part of the government program. 

Michael and Susan Dell call initiative a 'very special moment'

While speaking to CNBC, the couple explained that they were going to contribute to Donald Trump’s plan to give newborn children an investment account.

Michael stated that it was a “very special moment,” and added that they were making a $6.25 billion investment through their charitable funds.

Susan added that in 2026, every American child will be able to get an investment account powered by Invest America. The founder of Dell Technologies further said that the upcoming investment was designed to help families “feel supported” and encourage them to “keep saving as their children grow.”

He further said that when children had accounts such as the ones mentioned, they were more likely to graduate from high school and college, buy homes, and start a business. They were also less likely to be “incarcerated.” 

“We want to help the children who weren’t part of the government program,” said Michael Dell.

He further said that their “worlds would expand,” while Susan added that the “real power” of such accounts was that “anyone” could contribute, including parents, relatives, and friends.

She added that anyone could help “shape a child’s future.” 

Michael Dell urged philanthropists, companies, and community leaders to join their initiative if they wanted to “do something truly meaningful” for American children and the community.

“Together we can make possibilities something every child can count on,” Dell added. 

Dell’s initiative targets a federal program

Michael and Susan Dell’s initiative will work with a new federal program that would allow parents to open “tax-advantaged investment accounts” for minors under the age of 18 who have security numbers.

To be eligible for the same, parents or legal guardians have to simply open a Trump account to automatically receive a grant from the foundation.

About the same, Dell said that being able to help children on a large scale would have been impossible without such a program.

Contributing to the federal program, the Dells have committed to seed these Trump accounts with $250 for children under 10 years and or for those born before January 1, 2025.

Michael Dell said that he was inspired by listening to hedge fund manager Brad Gerstner in 2021.