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President Donald Trump joined philanthropists Michael and Susan Dell to announce a $6.25 billion charitable commitment to support “Trump Accounts,” a new savings program for American children. The accounts are designed to provide families with a tax-advantaged way to begin building wealth for children from birth.
The program, created under the Working Families Tax Cuts Act, will be available to every U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028. Each account will start with a one-time $1,000 government contribution. Families and others may contribute up to $5,000 per year, with funds invested in broad U.S. stock-market index funds. Accounts remain under parental or guardian control until the child turns 18, and if fully funded and untouched, could grow to as much as $1.9 million by age 28.
“This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation. And they’ll really be getting a big jump on life,” President Trump said.
The Dell gift will provide an additional $250 to the first 25 million eligible children age 10 and under living in ZIP codes with median incomes below $150,000. Officials said the funds are intended to expand access to financial resources for low- and middle-income families.
“Susan and I believe the smartest investment we can make is in children. That’s why we’re so excited to contribute $6.25 billion from our charitable funds to help 25 million children start building a strong financial foundation through Invest America,” CEO Michael Dell said in a statement.
Parents or guardians must open and manage Trump Accounts, which may also accept contributions from grandparents, family members, friends, employers, and qualifying charitable organizations. Contributions from charitable groups and government entities do not count toward the $5,000 annual limit. Pre-tax salary reduction contributions from employers are allowed up to $2,500 per employee per year.
Funds cannot be withdrawn before age 18 except in limited circumstances, such as trustee-to-trustee rollovers or distribution upon the account holder’s death. After age 18, the accounts generally follow traditional IRA rules, including restrictions on early withdrawals.
IRS Form 4547 is required to open an account or request the government seed contribution. Accounts are initially held with a Treasury-designated financial agent, with the option to transfer funds to a preferred brokerage firm later. Contributions to Trump Accounts are scheduled to begin on July 4, 2026.
Officials described the program as a long-term initiative to provide children with a financial foundation and encourage savings from an early age. More information is available at trumpaccounts.gov.
