Trump Accounts: How a ‘moment becomes a movement’ – why Michael Dell celebrated growing support as he revealed donors | Today’s news
US President Donald Trump’s investment program for children, Trump Accounts, is getting support from wealthy donors and businessmen, prompting Michael Dell to describe it as a growing movement.
The Dell Technologies founder highlighted contributions from Silicon Valley executives and investors, including SpaceX President and COO Gwynne Shotwell and billionaire investor Ray Dalio, and said the initiative had reached a point where “a moment has become a movement.”
In a post on X, Dell shared details of donations from business leaders and philanthropists supporting the program, which aims to give America’s children an early stake in the stock market. He credited the growing participation of private donors for helping to expand the initiative beyond the original government-backed contribution.
“This is how a moment becomes a movement,” Dell wrote, pointing to contributions coming in from across the country.
How did the Trump Accounts become a movement?
Dell highlighted several notable contributions to explain why it believes the program is gaining momentum.
Donors include Gwynne Shotwell, president and chief operating officer of SpaceX. Shotwell and her husband, Robert, are donating one SpaceX share to each of the more than 2 million children ages 11 to 17 in low-income communities.
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Dell valued the announced contribution at approximately $325 million.
Billionaire investor Ray Dalio and his wife Barbara Dalio also support the initiative. They are contributing an additional $250 for children throughout Connecticut.
Brad Gerstner, founder of investment firm Altimeter Capital, is contributing $250 to Trump Accounts for more than 140,000 children in Indiana, according to Dell’s post.
Dell recognized Gerstner’s role in bringing together contributors through Invest America, an organization associated with the campaign to expand the accounts.
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“Thank you Brad for organizing @InvestAmerica24 and tirelessly making an idea a reality and thank you to every donor who joined,” Dell wrote.
Why did Michael Dell welcome the growing support?
Dell said the program could help millions of children become investors from an early age, giving them the opportunity to understand how investing and compounding work.
“Millions of kids starting life as owners. Learning to invest. Seeing compounding firsthand. Participating in America’s future,” he wrote.
He also urged parents to request bills for their children, arguing that contributions from private donors could expand the program’s reach.
“Every kid is an investor. Every kid is an owner. Every kid has a stake in America’s future,” Dell said.
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The participation of business leaders, investors and philanthropists helped bring additional private money to the initiative. Dell’s latest post highlighted how contributions are targeting children in different states and income groups.
What are Trump accounts?
Trump Accounts are tax-advantaged investment accounts created under Donald Trump’s tax and spending legislation. The program is designed to help children build wealth through stock market investments.
Eligible US children under 18 may have an account. The US Treasury Department will provide a one-time grant of $1,000 for eligible children born between January 1, 2025 and December 31, 2028.
Dell and his wife, Susan, have separately pledged $6.25 billion to provide $250 grants to 25 million children age 10 and younger in eligible low- and moderate-income communities.
According to Dell’s post, about 9 million accounts have been opened, with the program on track to automatically create accounts for all 70 million American children using Social Security data.
