Michael Dell, founder and CEO of Dell Technologies, is making an investment to help newborn babies.
Dell will join President Donald Trump Tuesday to announce his $6 billion contribution to Trump’s new accounts for newborn babies, according to an exclusive report by USA Today.
This donation is expected to add $250 to about 25 million “Trump accounts.” The money will be in addition to the $1,000 in federal dollars that was used 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. The money will go into a mutual fund or index fund that is tied to the performance of the stock market.
Parents can start adding 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.”
Trump’s the One Big Beautiful Bill passed in July created the “Trump accounts.”
Basically, these accounts are individual retirement accounts (IRAs) for children. Their goal is to encourage children and families to save.
To qualify, a baby needs a Social Security number. There are no income restrictions.
Contributions up to $5,000 a year into the accounts are allowed until the child turns 18. An employer may contribute up to $2,500 toward the $5,000 cap.
State and local governments and private charities will be allowed to make contributions.
The money can be withdrawn for education expenses or credentials, a down payment on a first home or as capital to start a small business. It will be taxed at the long-term capital-gains rate.
Dell Technologies, Salesforce, Uber and Goldman Sachs are among companies that pledged to make investments into accounts for the children of their employees.
The accounts were originally proposed by Sen. Ted Cruz (R-Texas) in the “Invest America Act.”
“Inspired by President Trump’s signing of the Invest America Act, Susan and I are thrilled to be contributing $6.25 billion to seed 25 million additional accounts for American children ‒beyond the commitment from the US Treasury,” Dell said in a statement.
