- The Michael & Susan Dell Foundation is partnering with Invest America to provide $6.25 billion in investment accounts for 25 million American children.
- Their contribution expands Invest America’s original plan by giving $250 to every eligible child under 10 in lower-income ZIP codes, with potential expansion if funds remain.
- These accounts aim to give children long-term financial momentum, with contributions allowed from families and communities and withdrawals permitted at age 18 for education, housing, or business needs.
The Michael & Susan Dell Foundation is partnering with Invest America to expand newly approved savings accounts for American children.
In an announcement on Tuesday, the founder and CEO of Dell Technologies, Michael Dell, and his wife pledged $6.25 billion in investment accounts for 25 million American children.
This investment piggybacks off Invest America’s original plan, which will provide all children born between Jan. 1, 2025, and Dec. 31, 2028, a tax-deferred savings account with $1,000 provided by the government.
Now, with the Dells’ contribution, the first 25 million American children to sign up for the accounts who are under 10 years old — who were born before Jan. 1, 2025, and live in ZIP codes with median incomes of $150,000 or less — will receive $250.
If money from the $6.25 billion remains after initial deposits, the Dells say they will open up the deposits to children older than 10.
These new savings accounts represent “the power of collective action,” the Dells wrote in their announcement. “This is not just about what one couple or one foundation or one company can do. It is about what becomes possible when families, employers, philanthropists, and communities all join together to create something transformative.”
Loved ones, employers, local programs and communities can also contribute to the accounts, up to $5,000 a year.
“From our years of experience in supporting education, health, and financial stability programs, we know that this program will give young Americans more than a savings account,” they said. “It will give them momentum. It will give them confidence and opportunity.”
President Donald Trump responded to the announcement on Truth Social Tuesday. “TWO GREAT PEOPLE. I LOVE DELL!!! President DJT,” he wrote, linking to the couple’s announcement.
What is Invest America?
A section of the “Big, Beautiful Bill Act” allocated $1,000 in government seed money for each child born in 2025 and in the next four years.
Account sign-ups are set to open on July 4, 2026. Family members, nonprofits, philanthropists, employers and state governments are eligible to contribute to the accounts, generally up to $5,000 tax-free per year. When a child turns 18, he or she can withdraw money for specific purposes like higher education, starting a business or buying a house.
The executive director at Invest America, Matt Lira, told Politico, “These accounts are about how you start your life — not how you finish it."
“We all know people who had a little extra help so they could buy a starter home, or they had a little bit of a cushion so they could take an unpaid internship that allowed them to do what they loved for their whole life, instead of what they had to do,” he said. “The amount of money needed to provide people that freedom is not a lot of money, and these accounts could potentially, if everything goes well, provide people with that sense of agency over their own lives.”
A principal in the tax advisory group at Kaufman Rossin, Evan Morgan, added, “It’s an IRA for kids.”