The Dell Foundation announced that eligible holders of Trump Accounts will begin receiving $250 grants this week, with automatic deposits commencing on August 31. Parents and guardians can verify eligibility for the grant through Invest America, a nonprofit advocacy organization partnering with the Dells, and monitor account status using the Trump Accounts app.
Trump Accounts, formally known as 530A accounts, are available to any U.S. child under 18 with a Social Security number. As part of a federal pilot initiative, children born between 2025 and 2028 are eligible to receive a one-time $1,000 deposit from the U.S. Department of the Treasury to support long-term savings. Michael Dell and his wife, Susan, have committed $6.25 billion in additional funding for children born between 2016 and 2024 who do not qualify for the federal seed deposits, marking the largest charitable donation devoted to U.S. children according to Invest America.
The Dell grant targets families in lower-income brackets, with eligibility determined by ZIP code median income thresholds of $150,000 or less. Michael Dell stated that research demonstrates how opening investment accounts for children creates psychological shifts in self-perception, correlating with improved graduation rates, homeownership, and entrepreneurship outcomes. The couple’s donation is projected to establish investment accounts for approximately 25 million American children.
According to the latest figures from the Treasury Department, roughly 7 million children have enrolled in Trump Accounts to date. Michael Dell emphasized that providing every child with a sense of ownership in the American economy could produce significant compounding economic effects over decades.
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