Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children.
The enormous pledge will go toward helping fund “Trump Accounts,” a new initiative that offers investment accounts for children. The “Trump Accounts” were established as part of President Donald Trump’s “One Big Beautiful Bill Act” and are set to launch in 2026.
It’s The Dells’ charitable gift will go toward children ages 10 and under who were born before the cut-off for the Treasury’s funding. The Dells’ donation will fund $250 deposits for investment accounts for at least 25 million children, resulting in a total gift of $6.25 billion. of the largest private investments in American children in history, according to Invest America, a nonprofit organization helping spearhead the initiative to develop these accounts.
“We feel super excited to be able to make a difference in millions of children’s futures and create opportunity, hope and prosperity for them,” Michael Dell, CEO at Dell Technologies, told CNN in a phone interview.
No comments:
Post a Comment