A few months after Michael Dell, founder of Dell Technologies, and his wife Susan pledged $6.25 billion to children under 10 in the US as part of President Donald Trump’s tax and spending legislation, the couple on Thursday (local time) provided a breakdown of the number of children they plan to benefit by state.
“Susan and I are proud to anchor Invest America Trump Accounts with $6.25 billion to jumpstart investment accounts for the next generation. It’s time to give every child a share of the American Dream,” the Dell Technologies founder said Thursday.
When they announced their pledge in December, the Dells said they would contribute $250 million to $25 million to Trump accounts for children who live in zip codes with a median income of $150,000 or less.
“Together with the federal seed of $1,000 for newborns, thousands of great companies and many other individuals, we will ensure that every child has a head start on building wealth,” Michael Dell said Thursday.
Trump also shared the Dell founder’s announcement on Truth Social on Thursday.
How many accounts are established in each state?
The Dell founder provided a detailed breakdown of the number of Trump accounts that will be deployed in the 50 US states, with approximate figures for each state.
Children living in California, Texas and Florida will benefit the most, with 2.9 million, 2.6 million and 1.4 million accounts seeing $250 seeded.
District of Columbia – 41,000
What are Trump accounts?
Trump Accounts, created as part of the One Big Beautiful Bill, are aimed at helping children under 18 invest and build a financially secure future.
American children born after December 31, 2024 and before January 1, 2029, for whom a Trump account is created, will receive $1,000 from the U.S. Treasury, which must be invested in an index fund.
In addition, parents can contribute up to an additional $5,000 per year in total, a limit that includes any annual employer contributions (which are capped at $2,500).
According to official estimates, Americans who had a Trump account would have $6,000 at age 18 with zero contributions a year, $19,000 with $250 a year and $271,000 with a maximum contribution of $5,000 a year.
