President Donald Trump honored Texas billionaires Michael and Susan Dell at the White House on Tuesday on the heels of their donation of $6.25 billion toward 25 million “Trump Accounts”, an initiative aimed at increasing the nation’s low birth and marriage rates.
The Dell donations will put $250 toward accounts for children ages 10 and younger who do not qualify for a $1,000 one-time contribution into a tax-deferred, low-cost index fund account that will then track the overall stock market. To qualify for the Dell donation, the children must live in an area where the median household income is less than $150,000.
The president opened his remarks Tuesday by referring to Dell, the founder of Dell Technologies, as a “legend.”
“Trump accounts will be the first, I guess you could say, real trust funds for every American child,” Trump stated. “That investment is going to continue to grow. We hope, right? We hope, but it will, and they’ll be — they’ll feel like they’ll feel like Michael Dell someday.”
“This is truly one of the most generous acts in the history of our country. You just don’t hear about things like that, and we’ve got to let people know,” the president continued. “He doesn’t want, and she doesn’t care about, that but I do. I think when somebody does that you got to let them know about it.”
Trump claimed that he, too, would personally contribute to investment accounts and called on others to participate in the giving.
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“I think a lot of people are going to contribute. A lot of people are watching us right now. They might not be $6 billion plus, but there’ll be a lot,” he claimed. “There aren’t too many people that are in the 6 billion range, but there’ll be a lot. A lot of friends of mine have already told me they’re going to contribute a lot of money. A lot of them are going to leave a lot of money in their wills, so that’s very important.”
$6.25 billion. 25 million children. $250 each.
Susan and I believe the smartest investment we can make is in children. That’s why we’re so excited to contribute $6.25 billion from our charitable funds to help 25 million children start building a strong financial foundation… pic.twitter.com/4Bcv3RKp0q
— Michael Dell
(@MichaelDell) December 2, 2025
According to Treasury Secretary Scott Bessent, the accounts will be available starting July 5, 2026, after the nation celebrates its 250th birthday. The “Trump accounts,” originally titled “Money Accounts for Growth and Advancement,” were included in the One Big Beautiful Bill Act that passed over the summer as part of the Trump administration’s pro-family efforts. House Speaker Mike Johnson, who helped usher the legislation through Congress, also attended the event on Tuesday.
The administration has attempted to rebrand the One Big Beautiful Bill Act as the “Working Families Tax Cuts Act” after polling was unequivocally clear that the American public viewed the legislation as benefiting the nation’s wealthiest Americans at the expense of bottom earners.
The Investment Company Institute, the top trade association representing the asset management industry, heralded Dell’s gift to the Trump Accounts on Tuesday afternoon.
“ICI applauds the significant philanthropic gift announced today to help kickstart Trump Accounts for millions of American children,” ICI’s statement reads. “The government contribution for children born in the next several years will set these accounts to a great start and help ensure widespread of adoption of an investing mindset for American families.”
“As Trump accounts are rolled out widely, ICI continues to encourage flexibility in the eligible investments as well as a competitive marketplace of providers,” ICI continued. “These accounts have great promise, and we are ready to work alongside the White House and Treasury Department so that every American child can secure their financial future.”
Sen. Ted Cruz (R-TX) had originally proposed the accounts themselves with the Invest America Act, before the provision was adopted in OBBB. He and Sen. Cory Booker (D-NJ) sent a letter to Fortune 1000 CEOs Tuesday morning “encouraging them to champion these accounts,” and “play an active role in shaping the coming decades of American life.”
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“I was indescribably proud to draft and pass into law the language for Trump Accounts. As I said when it passed, this program will create fundamental and transformative changes for the financial security and personal freedoms of American citizens for generations,” Cruz explained in a statement on X.
There are, however, some caveats to the accounts. While every child under the age of 18 is eligible for an account, the initial $1,000 start-up is only available to children born between 2025 and 2028. Families are allowed to add up to $5,000 a year. But the money is untouchable until the child turns 18, at which point half of the funds become available. At age 30, the full amount of the funds becomes usable for any purpose.
Additionally, both parents and the child must have a Social Security number in order to be eligible.