Tech billionaire Michael Dell and his wife Susan announced a public-private partnership on Saturday, pledging $250 each to the first 25 million qualifying children who register for the newly launched federal Trump Accounts.
The investment program launched on Independence Day to provide young Americans with a financial head start in the domestic economy, according to reports from Fox Business and CNN.
The initiative, passed as a provision of new tax legislation, allows U. S.
citizens born between January 1, 2025, and December 31, 2028, to receive a $1,000 government-provided baseline investment upon enrollment.
U. S.
Treasury Department data shows that more than 6 million Trump Accounts have already been opened for children under 18, with 1.4 million qualified to receive the initial $1,000 federal pilot contribution.
"This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism," wrote Dell in a post on X.
The Dell Technologies CEO, who previously pledged over $6 billion to the program, stated that the initiative aims to build lasting wealth through education, homeownership, and business creation.
"Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth," Dell wrote.
The program projects substantial wealth generation for the next generation over the next 15 years, according to administration forecasts.
"Decades from now, I believe that Trump Accounts will be remembered as one of the most transformative policy innovations of all time," said President Donald Trump during the program’s initial announcement.
The combined public and private funding rollout drew immediate political support from lawmakers tracking the launch over the holiday weekend.
"An extraordinary birthday gift to celebrate the greatest nation in the history of the world," said Sen. Ted Cruz, R-Texas.
According to the Congressional Research Service, the individual investment vehicles function like traditional IRAs where account balances grow tax-deferred, though specific operational rules apply during the first 18 years of the child's life.
Authorized adults can open an account by submitting Form 4547, and the U. S.
Treasury has selected Robinhood and the Bank of New York to manage the investments through a jointly created application.
