Michael Dell, founder and CEO of Dell Technologies, and his wife Susan have pledged $6.25 billion to support a new federal savings program for America’s children known as “Trump accounts.”
The program, tucked into the One Big Beautiful Bill Act and signed into law by the President Donald Trump on July 4, each child born between January 1, 2025 and December 31, 2028 will receive a one-time government payment of $1,000 at birth. Families can open an account once the child has a Social Security number, and the money cannot be withdrawn until the child turns 18.
US President Donald Trump signed the One, Big Beautiful Bill Act during an Independence Day celebration on July 4, 2025. (Samuel Corum/Getty Images/Getty Images)
Parents and relatives can contribute up to $5,000 annually, with the limit subject to adjustment inflation after 2027.
HOW THE ‘BIG, BEAUTIFUL BILL’ GIVES AMERICAN BABIES A FINANCIAL STARTING-OFF
“These investment accounts are simple, secure and structured to grow in value through market returns over time. At age 18, these young Americans can have a financial foundation for further education, job training, homeownership or future savings. It’s a simple but very powerful idea,” the couple said in a statement.
That long-term potential, they said, is why they chose to help bring the program to millions more families.
“Through our charitable funds, we are thrilled to contribute $6.25 billion to establish 25 million additional accounts at $250 each. These deposits will reach the accounts of most children age 10 and younger born before the qualifying date for the federal newborn contribution,” the couple said.
The new investment comes as Trump is expected to share additional details about the program on Tuesday.
‘TRUMP ACCOUNTS’ FOR NEWBORN COULD GROW TO $1.9 MILLION, TREASURY SAYS
According to the Treasury Department, the financial benefit for newborns could reach as much as $1.9 million by age 28 if it remains fully funded and untouched. (Tim Clayton/Corbis/Getty Images)
Treasury Department projections show that the “Trump accounts” offered to American children could grow into a seven-figure savings pot by adulthood if they are maximized and left to compound.
According to the Treasury Office of Tax Analysis, the financial advantage for newborns at age 28 could be as much as $1.9 million if it remains fully funded and untouched.
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Even at the lower end of expected returns, the savings account could still earn nearly $600,000 over the same period.
Even without additional contributions beyond the initial $1,000 from the federal government depositAccording to Treasury Department estimates, the bill could grow to between $3,000 and $13,800 in 18 years.
