The Dell Foundation announced that eligible holders of Trump Accounts, also known as 530A accounts, will begin receiving $250 grants this week, with initial deposits expected to reach activated accounts as early as Monday, Aug. 31. Parents and guardians can verify eligibility through Invest America, a nonprofit advocacy organization partnered with the Dells, and monitor account status using the Trump Accounts app.
Trump Accounts are investment vehicles available to any U.S. child under 18 who has a Social Security number. Children born between 2025 and 2028 are eligible to receive a one-time $1,000 deposit from the U.S. Department of the Treasury as part of a pilot program aimed at encouraging long-term savings. Michael Dell, CEO of Dell Technologies, and his wife Susan have committed $6.25 billion in additional funding to support children born between 2016 and 2024 who fall outside the federal program’s eligibility window.
The Dell grant program targets lower-income families, with eligibility determined by ZIP code median income thresholds of $150,000 or less. The couple’s contribution represents the largest private donation devoted to accounts for U.S. children, according to Invest America. The funding could potentially establish investment accounts for approximately 25 million American children.
Michael Dell has emphasized the broader impact of early financial ownership, noting that research indicates children with accounts in their names develop different perspectives on themselves and demonstrate improved outcomes in graduation rates, homeownership, and entrepreneurship. The initiative reflects a focus on fostering a “mindset shift” regarding participation in the American economy. As of the latest Treasury Department figures, approximately 7 million children have enrolled in Trump Accounts.
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