Billionaire Couple Pledges $250 Gift to U.S. Children
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A Texas billionaire couple, Michael and Susan Dell, has announced a significant pledge to provide $250 gifts to U.S. children under the age of 10. This initiative is part of a broader effort to support young people as they transition to adulthood, with the gifts being deposited into tax-deferred investment accounts that recipients can access when they turn 18.
According to the Oregonian, the Dells' program is expected to benefit approximately 25 million children, which represents about 80% of the population in this age group. To qualify for the $250 gift, children must live in a ZIP code with a median household income of less than $150,000, ensuring that the funds are aimed at those from families that may need additional support.
The Dells emphasized, 'If there’s one investment that never stops growing, it’s investing in children. They are our future.' The announcement has raised questions regarding eligibility criteria, particularly for children born after January 1, 2025, who will not qualify for this gift but will be eligible for a separate $1,000 gift from the federal government, as part of the One Big Beautiful Bill Act passed in July 2025.
Parents are required to create an Invest America account, also referred to as a Trump Account, to access these funds, with the account registration expected to begin on July 4, 2026. In the event of high demand exceeding the available funds, priority will be given to younger children within the 10-and-under group.
The Dells have committed $6.25 billion to this initiative, which will be available to eligible children across the nation. The Oregonian reported that nearly all ZIP codes in Oregon qualify under the income threshold, although some affluent areas may not.
David Rothwell, an associate professor studying poverty and inequality, stated that investment accounts for children could significantly impact families living paycheck to paycheck. He highlighted the importance of giving the funds universally or nearly universally as it reduces stigma and simplifies administration.
Parents must ensure their child has a Social Security number to qualify for the gift. This initiative has sparked discussions about the role of billionaires in philanthropy and the effectiveness of their contributions in addressing social issues.
The Portland Mercury noted that the Dells' commitment has garnered attention amid broader discussions on wealth and social responsibility, particularly in light of the ongoing challenges many families face today.