AUSTIN, TX — Tech executive Michael Dell announced Tuesday he will contribute $6.25 billion to fund 25 million children’s investment accounts, known as “Trump accounts,” significantly expanding the reach of the federal program launched earlier this year. The accounts — officially designated as 530A or Invest America accounts — provide tax-advantaged savings for children and are a key provision of the administration’s “big beautiful bill.”
Under the federal program, children born between 2025 and 2028 receive a $1,000 Treasury-funded seed deposit. Dell’s donation will add a $250 contribution for most children age 10 and under who were born before that eligibility window. In a video posted to X, Dell said the investment aims to widen economic opportunity, noting research showing improved long-term outcomes when children have early access to savings.
Dell played a major role in advocating for the creation of 530A accounts and previously told Axios he expected philanthropists to support the program on a large scale, potentially funding accounts for entire ZIP codes. The Treasury Department has been developing mechanisms for such large-scale contributions.
The new funding marks one of the largest philanthropic commitments dedicated to children’s financial security and comes as policymakers continue to debate the broader economic impacts of investment-based federal benefits.
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