Dell Technologies (NYSE:DELL) shares climbed 2% on Tuesday after President Trump publicly commended the Dell family for their multibillion-dollar charitable pledge.
Michael and Susan Dell revealed they plan to provide $250 to each of 25 million American children under the age of 10, creating investment accounts intended to support their long-term financial wellbeing. The $6.25 billion commitment expands the “Invest America” program introduced earlier this year as part of President Trump’s One Big Beautiful Bill Act, which seeds eligible children born from 2025 to 2028 with $1,000.
The Dells’ new donation will specifically reach children who fall outside the criteria of the federal initiative, focusing on households in ZIP codes where median income is below $150,000. Michael Dell, 60, said he expects the combined effort to cover roughly 80% of U.S. children within the applicable age bracket.
President Trump voiced his enthusiasm on social media, posting: “TWO GREAT PEOPLE. I LOVE DELL!!! President DJT”
Through the program, families can make additional contributions to the investment accounts over time, allowing balances to grow with the market. Once participants turn 18, they can withdraw funds for education, training, purchasing a home, or to build personal savings.