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Michael Dell Donates $6.25 Billion for Children's Accounts

12/8/2025

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Summary

Story summary

Michael Dell and his wife, Susan, announced a $6.25 billion donation to fund about 25 million children through accounts created by the Trump accounts tax bill.
The accounts allow tax-free growth for contributions by individuals and employers for children under 18 with Social Security numbers.
The White House provided guidance, with a May 2026 launch.
The Investment Company Institute urged the Treasury Department to ensure competition for openings.

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Story summary

Michael Dell and his wife, Susan, announced a $6.25 billion donation to fund about 25 million children through accounts created by the Trump accounts tax bill.
The accounts allow tax-free growth for contributions by individuals and employers for children under 18 with Social Security numbers.
The White House provided guidance, with a May 2026 launch.
The Investment Company Institute urged the Treasury Department to ensure competition for openings.