Historic pledge to seed ‘Trump accounts’ for kids

New York Post

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00:00Billionaire philanthropists Michael and Susan Dell have made a historic charitable commitment of $6.25 billion as seed money for Trump accounts.

00:11Those are savings accounts for American children created by the big, beautiful bill.

00:15The goal is to help kids pay for their education or buy a home after they turn 18.

00:20Here's the president on Tuesday.

00:21The Dells are announcing today that they are giving 25 million American children $250 each to save and to invest in their personal Trump account.

00:33Invest America says it's the largest single donation made to U.S. children ever.

00:38The new program was originally part of President Trump's big, beautiful bill,

00:43and that promised accounts for U.S. citizens born between 2025 and 2028 seeded with a federal grant of $1,000.

00:50The Dells' donation will expand the program to include children 10 and under born before 2025,

00:56and it will cover 25 million children who live in zip codes where the median income is under $150,000.

01:02And the program could still expand further, as the president suggested he might chip in some of his own personal wealth

01:08and said some of his other wealthy friends were interested in helping out too.

01:12The accounts will launch on July 4th of next year.

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