Quick Read
- Michael and Susan Dell pledged $6.25 billion to the Trump Accounts program.
- The Trump Accounts program offers a $1,000 government contribution to tax-deferred retirement savings for eligible children.
- Accounts officially activate and begin receiving funding on July 4, 2026.
- Children born between January 1, 2025, and December 31, 2028, are eligible.
- Funds are invested in low-cost U.S. index funds and cannot be accessed until the child turns 18.
WASHINGTON (Azat TV) – Michael Dell, the founder and CEO of Dell Technologies Inc., and his wife, Susan Dell, have pledged a substantial $6.25 billion to the Trump Accounts program, a government-backed initiative aimed at bolstering future retirement savings for eligible American children. This significant private donation arrives as the program prepares for its official activation on July 4, 2026, marking a pivotal moment for the new investment vehicle.
A Major Boost for Children’s Future Savings
President Donald Trump publicly lauded Michael and Susan Dell for their immense contribution, reiterating his encouragement for the public to support Dell products. The Dells’ pledge is among the largest private donations to the Trump Accounts program, which offers a $1,000 government contribution into tax-deferred retirement savings accounts for qualifying children. The administration forecasts that this initial investment, when compounded in stock indexes, could potentially grow to over $600,000 by the time a child reaches retirement age, with the possibility of reaching $1 million if families contribute an additional $5,000 annually.
The program, approved as part of President Trump’s ‘One Big Beautiful Bill’ budget, is designed to provide every newborn citizen a material stake in the American dream, fostering future investors across all economic strata. Treasury Secretary Scott Bessent had announced in December that parents can enroll their children by utilizing a newly created IRS form, Form 4547.
Eligibility and Enrollment Details
Children born between January 1, 2025, and December 31, 2028, are currently eligible to benefit from the Trump Accounts. To sign up, parents must complete the IRS Form 4547, which will be accessible on IRS.gov. While the paperwork can be filed now, the accounts will officially become active and begin receiving government funding on July 4, 2026. Families will then be able to make their own contributions starting July 5, 2026. Funds deposited into these accounts cannot be accessed until the child turns 18 years old.
Once established, the funds are invested in low-cost U.S. index funds, such as the S&P 500. President Trump has stated his belief that most accounts are likely to reach values between $200,000 and $300,000 by the time the child turns 18, depending on additional contributions and market performance.
Widespread Support and Corporate Involvement
Beyond the Dells’ substantial pledge, the Trump Accounts program has garnered support from various other entities. Financial giants JPMorgan Chase and Bank of America announced they would match the U.S. government’s initial $1,000 contribution for the eligible children of their employees. Rap artist Nicki Minaj, a recent vocal supporter of the Trump administration, also committed a significant sum, pledging between $150,000 and $300,000 to further fund the accounts.
Furthermore, President Trump acknowledged donations from Nvidia Corp. and Coinbase Global Inc., highlighting a growing corporate interest in the initiative. Visa Inc. is also reportedly developing a platform for cash-back rewards to be integrated into the accounts, adding another layer of potential growth for beneficiaries. Social economist and Columbia professor Jane Waldfogel noted the significant interest in Congress for providing increased support to families with children, indicating a broader societal alignment with the program’s goals.
Future Outlook for the Program
With the official activation date approaching, the Trump Accounts program is poised to begin its intended function of cultivating long-term savings for a new generation. The diverse range of support, from individual philanthropists like Michael and Susan Dell to major corporations and financial institutions, underscores a collective effort to enhance financial literacy and provide a substantial head start for children across the nation. Jamie Dimon, CEO of JPMorgan Chase, emphasized his company’s long-term commitment to the financial well-being of its employees and their families, stressing that ‘Early financial literacy & financial support for our children will give them a major head start in life.’
The influx of private capital, particularly the Dells’ multi-billion dollar commitment, significantly enhances the credibility and potential impact of the Trump Accounts program, transforming it from a government initiative into a broader public-private partnership aimed at addressing long-term economic security for future generations.