The Trump Accounts, spearheaded by the Dell family, reach 70 million children and have surpassed $4.5 billion in deposits

Trump Accounts have already accumulated more than $4.5 billion in deposits for American children, according to the White House. The program now has nearly 70 million accounts. About 60 million were opened through automatic enrollment since Oct. 1, and another 10 million were opened earlier by families.

The figure includes federal, family, and philanthropic contributions. Of the $6.25 billion pledged by Michael and Susan Dell, about $2.5 billion had already been deposited by Wednesday, corresponding to 10 million accounts; the remainder, up to 25 million, was to be completed by the end of the week.

Nearly 70 million beneficiaries

The Trump administration announced that investment accounts have already been created for virtually all children under 18 with a valid Social Security number. Although the accounts are opened automatically, parents, guardians, or legal representatives must claim them in order to manage them and receive certain private contributions.

The Treasury estimated that the new automatic enrollment system could extend coverage to more than 60 million additional children by 2026. The measure allows families to start investing for their children at an early age, with the option of receiving contributions from family members, companies and authorized organizations.

The Dell family's initiative

Michael and Susan Dell pledged in December 2025 to contribute $6.25 billion to fund $250 each for the Trump Accounts of up to 25 million children. The funds are intended for children aged 10 or younger, born before 2025, who live in ZIP codes with a median household income of less than $150,000 and who, therefore, are not eligible for the $1,000 federal contribution.

Michael Dell announced on Wednesday that they had already funded 10 million of these accounts and expected to reach 25 million by the end of the week. If that goal is met, the Dells' donation will become one of the largest private contributions aimed at promoting savings and investment for children in the United States.

"I believe there will be a number of additional philanthropists that join us," said Michael Dell to Yahoo! Finance. "We have now many employers that are joining in the fund here and either matching the government's contribution or going much larger and contributing to the accounts of the children that work inside their companies or even children in the communities where they operate their businesses."

SpaceX, the only major contribution in stock

According to Yahoo! Finance, the president of SpaceX, Gwynne Shotwell, is so far the only donor to have announced a significant contribution in the form of stock, more than two million shares for children ages 11 to 17 in lower-income areas.

Michael Dell defended this rule change on Wednesday, which, as of last week, allows charities to deposit individual shares into Trump Accounts, and said it's hard to see any harm in those "two million children" owning a SpaceX share that they didn't have before.