Michael Dell Donates $6.25B to Trump Accounts for Kids

President Trump dropped one of his briefest and most succinct posts on his TruthSocial feed this morning. Just three little words:

Trump's praise comes after Michael and Susan Dell announced Tuesday that they have committed $6.25 billion to fund investment accounts for some 25 million American children.

The couple’s unprecedented philanthropic gift will be the largest ever devoted to American children, according to Invest America, a nonprofit advocacy group partnered with the Dells.

“It’s designed to help families feel supported from the start and encourage them to keep saving as their children grow,” Michael Dell, founder and CEO of Dell Technologies, told CNBC in an interview.

“We know that when children have accounts like this, they’re much more likely to graduate from high school, from college, buy a home, start a business and less likely to be incarcerated.”

As Bloomberg reports, the Dells’ gift will go to the Treasury Department and will fund accounts for an additional 25 million children 10 and under who aren’t already eligible for the government money.

Dell, 60, said he is initially targeting zip codes with median household incomes below $150,000 and expects to reach 80% of US children in that age range.