By Leada Gore
al.com
(TNS)
Tens of millions of American children will start their Trump Account with an extra $250.
Dell Technologies CEO Michael Dell and his wife, Susan Dell, pledged $6.25 billion to fund deposits for 25 million children. Deposits for eligible children arrived in accounts by Friday, Oct. 9, according to InvestAmerica.org, the non-profit organization handling the funds.
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Here’s what you need to know about the Dell contributions:
- Does my child already have a Trump Account? If they are U.S. citizens and under age 18, the answer is yes. More than 70 million U.S. children are now enrolled in Trump Accounts, special tax-advantaged investment accounts for kids. Ten million families had submitted paperwork to establish accounts since the program launched July 4. Another 60 million were enrolled automatically.
- What do parents have to do now? While the accounts have been established, parents and guardians have to claim the account on the Trump Account App.
- What is the federal contribution? Babies born between Jan. 1, 2025, and Dec. 31, 2028, are eligible for $1,000 in federal seed money, regardless of family income. The $1,000 in seed money is not deposited under the auto-enrollment process. Parents or guardians will still have to request the money and claim their child’s account before they can make a deposit. You can see more on doing that here.
- Dell funds: The Dell $250 donation is different than the federal seed money. It will go to children born from 2016 through 2024 who live in a ZIP code where the median family income is $117,300 or less.
- Military bases: All eligible children living on U.S. military bases qualify regardless of the local ZIP code’s median income, according to Invest America.
- Do you qualify? InvestAmerica has a ZIP code tool that will let you check to see if you qualify for the $250 donation. You can use it here.
- Can parents and others contribute to the account? Parents and others can contribute up to $5,000 per year into the accounts, which invest in a portfolio of low-cost index funds. If fully funded and left untouched, the White House projects it could grow to as much as $1.9 million by age 28.
- What can the money be used for? Funds used for qualified expenses—such as pursuing education, buying a home or starting a business—can be accessed without penalty at age 18, though withdrawals are taxed at ordinary income rates and may be subject to additional restrictions. Parents are custodians of the accounts until the child turns 18.
Photo caption: Susan Dell speaks as her husband, Dell Technologies CEO Michael Dell (left), and President Donald Trump look on at the White House on Dec. 2, 2025. (YouTube/The White House)
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