WASHINGTON ‒ Michael Dell, founder and CEO of Dell Technologies, is contributing more than $6 billion to President Donald Trump's new accounts for newborn babies ‒ and the president wants others in the business world to follow the billionaire tech executive's lead.
Dell is set to join Trump in the Oval Office on Tuesday, Dec. 2 to announce the donation, the White House confirmed exclusively to USA TODAY, a move expected to add $250 to about 25 million "Trump accounts." The money will be on top of the $1,000 in federal dollars that is acting as seed money to get the accounts started.
Under the program, American children born between 2025 and 2028 will be eligible for a one-time $1,000 contribution from the federal government per toddler to go into a mutual fund or index fund that is tied to the performance of the stock market. Parents will be able to begin contributing to the accounts in July of 2026.
"The One Big Beautiful Bill’s Trump Accounts are a revolutionary investment by the federal government into the next generation of American children," White House spokesman Kush Desai said in a statement. "It’s also President Trump’s call to action for American businesses and philanthropists to do their part, too. Michael and Susan Dell’s $6 billion investment into America’s children is the first of many announcements to come for America’s children.”
