Dell Family Pledges $6.25 Billion to Supplement ChildrenS Savings Accounts
AUSTIN, TX – Michael and Susan Dell are committing $6.25 billion to provide an additional $250 to as many as 25 million U.S. children,supplementing a new federal program designed to build generational wealth. Teh contribution will benefit children under the age of 10 born before 2025,who are not eligible for the initial $1,000 seed funding established under the Invest America program.
The Dells’ investment aims to expand access to savings for future qualified expenses like education, homeownership, or entrepreneurship.Invest America,slated to begin accepting sign-ups on July 4,2026,will initially provide $1,000 per child,with parents and caregivers activating the accounts. Families can then contribute up to an additional $5,000 annually. the funds are locked until the child reaches age 18, at which point they can be used for approved purposes or remain invested, automatically converting to a traditional IRA.
According to a fact sheet released by the Dell Foundation, the $250 contributions will be made through Invest America accounts. Priority will be given to younger children, with any remaining funds possibly extending eligibility to older children if demand is lower than anticipated. The accounts will adhere to the same guidelines as the original Invest America accounts, allowing funds to grow tax-deferred until age 18.
The Dells’ pledge substantially expands the reach of the Invest America initiative, offering a financial head start to millions of children and potentially fostering long-term economic chance.
