Dell Philanthropies Begin $250 Grants to 25M Children via Trump Accounts

Michael and Susan Dell launched automatic $250 deposits into Trump Accounts for eligible children on August 31, with funds already reaching accounts in Texas. The couple committed $6.25 billion to fund the grants for up to 25 million children born between 2016 and 2024 whose families live in ZIP codes with median income of $150,000 or less. The Dell Foundation called it the largest philanthropic gift ever devoted to U.S. children.

How the Dell grant works

Eligible families do not need to apply. The $250 automatically deposits into activated Trump Accounts, which parents can track through the Trump Accounts app or Invest America, a nonprofit partner. Michael Dell, CEO of Dell Technologies, said Monday that funds were already moving to children in Texas, with more to follow nationwide. Families must live in ZIP codes where median income is $150,000 or less to qualify.

Trump Accounts and federal seed money

Trump Accounts, also called 530A accounts, are tax-advantaged investment accounts for any U.S. child under 18 with a Social Security number. Children born from 2025 through 2028 receive a one-time $1,000 federal deposit from the U.S. Department of the Treasury as part of a pilot program. The Dell grant targets younger children born between 2016 and 2024 who do not qualify for the federal seed money.

Corporate momentum behind Trump Accounts

More than 50 companies have committed to contributing to Trump Accounts for their workers’ children. American Airlines announced a one-time $1,000 match for eligible employees’ children, matching the federal contribution. Goldman Sachs and Morgan Stanley also pledged to fully match the government’s $1,000 contribution. American Airlines plans to allow employees to contribute up to $2,500 of pretax earnings annually starting in 2027.

Why the Dells invested in child savings

Michael Dell told CNBC that research shows children with even small accounts in their names change their outlook on the future. “When a kid has even a small account in their name, they start to see themselves differently, and that shows up in graduation rates, in homeownership, in the businesses they start,” Dell said in an emailed statement. He framed the gift as a mindset shift toward ownership in the American economy, with compounding effects over decades.

Final Thoughts

The Dell grant represents a major acceleration of Trump Account adoption among both families and employers. With over 50 corporations now contributing and $6.25 billion in private funding flowing to children’s accounts, the program is building momentum as a wealth-building tool for lower-income families.

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