White House Launches Trump Accounts for Newborns, Seeded by $6.25 Billion Dell Donation
Trump, joined by tech billionaire Michael Dell and his wife Susan, highlighted the program's potential during a Roosevelt Room event, stating, "Trump Accounts will be the first, I guess, you could say, real trust funds for every American child."
President Donald Trump unveiled the Trump Accounts program on December 2, 2025, at the White House, a tax-advantaged savings initiative that provides a one-time $1,000 government contribution to investment accounts for every U.S. citizen newborn from January 1, 2025, through December 31, 2028. Established under the Working Families Tax Cuts Act signed in July 2025, the program automatically enrolls eligible children, investing the seed money in low-cost index funds tracking the U.S. stock market with annual fees capped at 0.10%. Families can contribute up to $5,000 annually, and employers up to $2,500 tax-free, allowing the accounts to grow as private property under guardian control until age 18, when funds become available for education, homeownership, or entrepreneurship.
Trump, joined by tech billionaire Michael Dell and his wife Susan, highlighted the program's potential during a Roosevelt Room event, stating, "Trump Accounts will be the first, I guess, you could say, real trust funds for every American child." He added that the initiative fulfills a 2024 campaign promise to give the next generation a financial head start, with compounded returns potentially reaching $1.9 million by age 28 under maximum contributions and average market performance, according to Council of Economic Advisers estimates. The accounts launch on July 4, 2026, with families electing participation via IRS Form 4547.
The announcement coincided with a historic $6.25 billion pledge from Michael and Susan Dell, the largest single private commitment to American children, adding $250 to 25 million existing Trump Accounts for children aged 10 and under born before 2025 in ZIP codes with median household incomes below $150,000—covering about 80% of U.S. households. Michael Dell, founder and CEO of Dell Technologies, emphasized the long-term impact, saying, "We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come." Susan Dell noted the gift's focus on underserved communities, projecting increased high school and college graduation rates, homeownership, business startups, and reduced incarceration.
The White House created the @TrumpAccounts X page on December 2 to provide updates, eligibility details, and enrollment guidance, with the first post stating, "Trump Accounts: Seeding the American Dream for every newborn. Learn more and claim your child's future today." Treasury Secretary Scott Bessent described the program as a cornerstone of economic mobility, estimating it will empower 4 million newborns annually during the four-year window, fostering self-reliance through market-driven growth without means-testing.
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