Dell Technologies founder Michael Dell and his wife, Susan, pledged $6.25 billion Tuesday to fund investment accounts for 25 million American children, expanding a federal program that provides accounts to newborns.
The couple announced the pledge on GivingTuesday at a White House ceremony. The Dells said they believe it represents the largest single private commitment to American children, though no independent verification was immediately available.
Their foundation will deposit $250 into accounts for children 10 and under in ZIP codes where median household income falls below $150,000. A separate federal program deposits $1,000 for children born between January 2025 and December 2028 under tax legislation signed this summer.
“We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come,” Michael Dell said.
The program was created under the One Big Beautiful Bill Act, which President Donald Trump signed July 4. Children under 18 with Social Security numbers qualify for accounts. Annual contributions are capped at $5,000 and must be invested in stock index funds.
Withdrawals are restricted until age 18, when accounts convert to traditional individual retirement accounts. Permitted uses include education, home purchases, and business expenses.
Account applications open in May 2026 through IRS Form 4547. Contributions begin in July 2026.
The Dells said they timed the announcement to coincide with the 250th anniversary of US independence. “We want these kids to know that not only do their families care, but their communities care, their government, their country cares about them,” Susan Dell said.
Forbes lists Michael Dell’s net worth at $148 billion. The Michael & Susan Dell Foundation has distributed $2.9 billion since 1999, primarily for education programs.
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