The Dell Foundation confirmed that eligible account holders will start receiving a $250 grant this week, with deposits beginning Monday, according to a foundation spokesperson who spoke with CNBC. Parents and guardians can verify eligibility for the grant through Invest America, a nonprofit advocacy organization that partners with the Dells, and monitor account activity using the Trump Accounts mobile application.
Trump Accounts, formally known as 530A accounts, are available to any child under 18 in the United States with a Social Security number. Children born between 2025 and 2028 qualify to receive a one-time $1,000 deposit from the U.S. Department of the Treasury as part of a pilot initiative designed to encourage long-term savings habits. Michael Dell and his wife, Susan, committed $6.25 billion to provide additional funding for children born between 2016 and 2024 who do not qualify for the federal seed money.
The Dell grant targets lower-income households, requiring families to reside in ZIP codes where median income does not exceed $150,000. Michael Dell, CEO of Dell Technologies, highlighted the importance of account ownership during a Monday event in Austin with Senator Ted Cruz, noting that the first funds had already begun moving to activated accounts for children in Texas. According to Invest America, the Dells’ donation represents the largest contribution ever made to support U.S. children.
Research indicates that account ownership can influence children’s self-perception and long-term outcomes including graduation rates, homeownership, and entrepreneurship. The Dell commitment could potentially establish investment accounts for approximately 25 million American children. As of the latest data from the Treasury Department, approximately 7 million children have registered for Trump Accounts.
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