Ben Werschkul · Washington Correspondent Updated Wed, December 3, 2025 at 5:16 AM GMT+8 3 min read In this article: - DELL -1.71%
President Trump was joined by Dell Technologies (DELL) founder Michael Dell and his wife Susan on Tuesday afternoon at the White House to unveil a $6.25 billion gift from the couple to supplement new savings accounts for young children that were passed into law earlier this year.
Dell's donation will go to the US Treasury, where in the year ahead it will be deposited in $250 increments into 25 million "Trump accounts" for children aged 10 or younger in low- and middle-income areas.
This private money will be in addition to $1,000 in federal dollars authorized in the One Big Beautiful Bill Act for newborn children as part of an overall program that is set to formally begin next July.
Trump called Dell's multibillion-dollar gift "big stuff, I don't care who you are" at the White House on Tuesday, promising the new accounts would amount to "trust funds for every American child."
Dell then took the microphone and said he was happy to offer his support.
"We believe that the best investment we can make is an investment in children," the businessman said. He called the new accounts "a platform" for family, friends, and companies to contribute to, saying he has already been lobbying other wealthy Americans to give money as well.
Michael Dell speaks as his wife, Susan Dell, and President Trump look on during an announcement about "Trump accounts" in the Roosevelt Room at the White House on Tuesday. (Chip Somodevilla/Getty Images) · Chip Somodevilla via Getty Images The outside money to start the accounts can be supplemented with annual after-tax contributions of up to $5,000 from the child's parents and other sources. Employers will also be able to contribute up to $2,500 of that total.
The accounts are then required to be invested in low-cost index funds.
The massive gift from the Dells could increase the appeal of these accounts after financial experts have raised questions about their ultimate value, noting the restrictions on where the money can be invested and that the contributions come from after-tax dollars and that eventual withdrawals will also be taxable.
The money becomes accessible after the child turns 18, when the account holder will be encouraged to make withdrawals to pay education expenses or buy a first home.
Learn more about high-yield savings accounts, money market accounts, and CD accounts.
The accounts were also applauded Tuesday by an unusual bipartisan pairing when Sens. Ted Cruz, a Texas Republican, and Cory Booker, a New Jersey Democrat, jointly released a letter to the CEOs of Fortune 1000 companies urging them to support the accounts.
Booker posted his support on social media, comparing the accounts to an idea for "baby bonds" he has long touted.
Michael Dell is the 11th-richest person in the world, according to the Bloomberg Billionaires Index, with $148 billion. He and his wife have long given money to family-focused causes. He appeared at the White House in June to tout the accounts, calling them "a simple yet powerful way to transform lives."
Story ContinuesThis story has been updated with additional developments.
Ben Werschkul is a Washington correspondent for Yahoo Finance.
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