Michael Dell pledges $6.25 billion to support Trump Accounts program
FOX Business’ Kelly Saberi broadcasts live from Chicago on “Mornings with Maria” to shed light on the growing backlash against Cook County’s controversial guaranteed income program and its huge taxpayer cost.
Michael Dell, founder and CEO of Dell Technologies, and his wife Susan have pledged $6.25 billion to support a new federal savings program created for America’s children, known as the “Trump Account.”
The program was incorporated into the One Big Beautiful Bill Act and signed into law by the President. donald trump On July 4, all children born between January 1, 2025 and December 31, 2028 will receive a one-time government deposit of $1,000 at birth. Once a child has a Social Security number, a family can open an account but cannot withdraw funds until the child turns 18.
US President Donald Trump signed the “One, Big Beautiful Bill Act” into law during an Independence Day party on July 4, 2025. (Samuel Corum/Getty Images/Getty Images)
Parents and extended family members can contribute up to $5,000 per year, but the limit is subject to adjustment. inflation From 2027 onwards.
How the ‘big, beautiful bill’ gives America’s babies a financial head start
“These investment accounts are simple, secure, and structured to grow in value over time through market returns. At age 18, these young Americans can gain a financial foundation for continued education, job training, home ownership, or future savings. This is a simple but very powerful idea,” the couple said in a statement.
They said this long-term potential is why they chose to help bring the program to millions more families.
“Through our philanthropic foundation, we are thrilled to be able to contribute $6.25 billion to 25 million additional accounts of $250 each. These deposits will reach the accounts of most children age 10 and under born before the Federal Newborn Contribution eligibility date,” the couple said.
The new investment comes as President Trump is expected to announce additional details about the program on Tuesday.
Trump account for newborns could grow to $1.9 million, Treasury says
If fully funded and left alone, a newborn’s financial start could reach up to $1.9 million by age 28, according to the Treasury Department. (Tim Clayton/Corbis/Getty Images)
If maximized and allowed to grow, the Trump Accounts provided to American children could grow into seven-figure nest eggs by the time they reach adulthood, according to Treasury projections.
If fully funded and left alone, a newborn’s financial start could reach up to $1.9 million by age 28, according to the Treasury Department’s Office of Tax Analysis.
CLICK HERE TO GET FOX BUSINESS ON THE GO
Even if the expected return is at the lower bound, savings This account could still generate nearly $600,000 over the same period.
Even without additional federal contributions beyond the original $1,000. depositThe Treasury Department estimates that the account could grow from $3,000 to $13,800 over 18 years.
