NEW YORK (AP) — Billionaires Michael and Susan Dell pledged a historic $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children. The so-called “Trump Accounts” were created as part of President Donald Trump’s tax and spending legislation but have not yet launched. The gift has little precedent in terms of size, with few single charitable commitments in the past 25 years exceeding $1 billion. Through their gift, the Dells will deposit $250 into the investment accounts of 25 million children aged 10 and younger as an incentive for their families to claim the accounts and make investments in the stock market.
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