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Michael and Susan Dell Pledge $6.25B to 'Invest America' Initiative

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Reuters, Reuters
TL;DR

Michael and Susan Dell pledged $6.25 billion to "Invest America," providing $250 investment accounts for 25 million eligible children. This supports the "Trump accounts" program, depositing $1,000 into accounts managed by the Treasury for children born 2025-2028, accessible at 18 for education, housing, or business purposes; Dell Technologies shares rose over 3% after this announcement.

Key takeaways

  • Michael and Susan Dell have committed $6
  • 25 billion to the "Invest America" initiative, as reported by Reuters
  • The donation will provide $250 investment accounts for 25 million American children residing in ZIP codes where the median family income is $150,000 or less
Michael and Susan Dell have committed $6.25 billion to the "Invest America" initiative, as reported by Reuters. The donation will provide $250 investment accounts for 25 million American children residing in ZIP codes where the median family income is $150,000 or less. This contribution supports the "Trump accounts" program, established under President Trump's "One Big Beautiful Bill Act." This federal initiative, managed by the U.S. Treasury, will deposit $1,000 into accounts for children born between 2025 and 2028, with accounts slated to open on July 4 of next year. Upon reaching age 18, beneficiaries can utilize these funds for approved purposes such as education, job training, purchasing a first home, or launching a business. Following this announcement, shares of Dell Technologies (DELL.N) experienced an increase of over 3%.

Related Topics

Michael DellSusan Dellphilanthropyinvestment accountsTrump administrationInvest America initiativeDellstock market

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