The Dell Foundation announced that eligible account holders participating in the Trump Accounts program will begin receiving $250 grants this week, with deposits commencing on Monday. The grants will be automatically transferred to activated accounts, and parents or guardians can verify eligibility through Invest America, a nonprofit advocacy organization partnering with the Dells, while tracking activity via the Trump Accounts application.
Trump Accounts, also referred to as 530A accounts, are available to any U.S. child under 18 who possesses a Social Security number. Children born between 2025 and 2028 qualify for a one-time $1,000 deposit from the U.S. Department of the Treasury under a pilot initiative designed to encourage long-term savings habits. Michael Dell and his wife Susan have committed $6.25 billion in additional funding for children born between 2016 and 2024 who do not meet the criteria for federal seed money.
The Dell grant targets lower-income households, with eligibility requirements based on residential location. Families must reside in ZIP codes where the median income is $150,000 or less to qualify. According to Invest America, this donation represents the largest contribution ever directed toward American children’s savings initiatives.
Michael Dell stated that research demonstrates children with personal savings accounts experience measurable positive outcomes in educational attainment, homeownership rates, and entrepreneurship. The Dell’s contribution could potentially establish investment accounts for approximately 25 million American children. To date, roughly 7 million children have enrolled in Trump Accounts according to the latest Treasury Department figures.
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