Dell Foundation Announces $250 Grant for Eligible Trump Account Holders
The Dell Foundation announced that eligible children with Trump Accounts will begin receiving a one-time $250 grant starting Monday, August 31. This initiative is part of a broader commitment by Michael and Susan Dell to donate $6.25 billion toward funding investment accounts for approximately 25 million American children born between 2016 and 2024 who live in ZIP codes with median incomes at or below $150,000. The grants will be automatically deposited into the Trump Accounts of eligible recipients through a partnership with Invest America. Parents can check eligibility using the Trump Accounts app. The Dells' donation complements a federal pilot program offering one-time deposits for children born from 2025 to 2028, aiming to promote long-term savings and financial empowerment. Michael Dell emphasized that early exposure to personal investment accounts fosters a sense of ownership in the economy, potentially leading to improved educational outcomes, homeownership rates, and entrepreneurial activity. As of now, around seven million children have been enrolled in Trump Accounts.
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Topics: children's investment accounts Dell Foundation philanthropy