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PoliticsActive today · day 6

Dell donates $6.25B to Trump Accounts as stock-gift rule expands

Michael and Susan Dell's gift reaches 25 million children; administration expands accounts to accept corporate stock donations.

newest coverage 13h agosummary written 4d ago18 pieces33k likes & upvotes8.3k comments NewswiresGoogle NewsXMastodon

What to know

  • Michael and Susan Dell donated $6.25 billion to Trump Accounts, enabling $250 contributions to 25 million eligible children ages 10 and under this week.
  • The administration expanded Trump Accounts to accept donations of individual corporate stocks, a rule change Dell championed while others raised concerns.
  • Auto-enrollment has driven Trump Account creation to 70 million, with over $4.5 billion already deposited; supporters frame the accounts as wealth-building tools for lower-income families.

“By switching to automatically opening accounts, this initial problem is solved, and children at least have the opportunity to have money deposited in the accounts by others.”

Elaine Maag, Tax Policy Center codirector · Newsweek ↗ · Oct 7

Michael DellMichael Dell Dell Technologies founder and CEOSusan Dell Michael Dell's wifeDonald TrumpDonald Trump President of the United StatesElaine Maag Codirector and senior fellow, Urban-Brookings Tax Policy Center

Dell donates $6.25B to Trump Accounts as stock-gift rule expands
Business Insider

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 6 pieces in two hours at Yesterday, 11 AM; 18 pieces over 6 days (14 articles · 4 posts) Oct 7, 5 PM — 1 piece · 1 post — X 1Oct 7, 7 PM — 1 piece · 1 article — Google News 1Oct 7, 9 PM — quietOct 7, 11 PM — quietOct 8, 1 AM — quietOct 8, 3 AM — 2 pieces · 2 articles — Google News 1, Newswires 1Oct 8, 5 AM — quietOct 8, 7 AM — 1 piece · 1 article — Google News 1Oct 8, 9 AM — 1 piece · 1 article — Newswires 1Oct 8, 11 AM — 1 piece · 1 article — Newswires 1Oct 8, 1 PM — quietOct 8, 3 PM — quietOct 8, 5 PM — quietOct 8, 7 PM — quietOct 8, 9 PM — quietOct 8, 11 PM — quietOct 9, 1 AM — quietOct 9, 3 AM — 1 piece · 1 article — Newswires 1Oct 9, 5 AM — 1 piece · 1 article — Newswires 1Oct 9, 7 AM — quietOct 9, 9 AM — quietOct 9, 11 AM — quietOct 9, 1 PM — quietOct 9, 3 PM — quietOct 9, 5 PM — quietOct 9, 7 PM — quietOct 9, 9 PM — quietOct 9, 11 PM — quietOct 10, 1 AM — quietOct 10, 3 AM — quietOct 10, 5 AM — quietOct 10, 7 AM — quietOct 10, 9 AM — quietOct 10, 11 AM — quietOct 10, 1 PM — quietOct 10, 3 PM — quietOct 10, 5 PM — quietOct 10, 7 PM — quietOct 10, 9 PM — quietOct 10, 11 PM — quietOct 11, 1 AM — quietOct 11, 3 AM — quietOct 11, 5 AM — quietOct 11, 7 AM — quietOct 11, 9 AM — quietOct 11, 11 AM — quietOct 11, 1 PM — quietOct 11, 3 PM — quietOct 11, 5 PM — quietOct 11, 7 PM — quietOct 11, 9 PM — quietOct 11, 11 PM — quietOct 12, 1 AM — quietOct 12, 3 AM — quietOct 12, 5 AM — quietOct 12, 7 AM — quietOct 12, 9 AM — quietOct 12, 11 AM — quietOct 12, 1 PM — 1 piece · 1 post — X 1Oct 12, 3 PM — quietOct 12, 5 PM — 1 piece · 1 post — Mastodon 1Oct 12, 7 PM — quietOct 12, 9 PM — quietOct 12, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — 1 piece · 1 article — Newswires 1Yesterday, 11 AM — 6 pieces · 5 articles · 1 post — Newswires 5, Mastodon 1Yesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quiet 12
Oct 8Oct 9Oct 10Oct 11Oct 12yesterdaynow · 2:46 AM ET
  1. 2

    Dell defends stock-donation rule change as catalyst for philanthropic participation

    Michael Dell, appearing at the White House event alongside his wife Susan, defended the stock-donation rule change in a Yahoo Finance interview, calling criticism of it 'nonsense' and arguing it would encourage more wealthy donors to support children's accounts.

    “called the criticism 'nonsense' and argued that it would encourage even more wealthy philanthropists to donate to children's Trump Accounts…”
    — Michael Dell
    1. 2 outlets Trump Account Stocks Gifts Explained As Michael Dell Defends Rule

      first by Newsweek, 5d ago · also Times of India

      1 more headline

    • People are awful. Susan and Michael Dell just put $6.25 billion into Trump Accounts for 25 million kids so they’ll have something waiting for them when they grow up—one of, if not the largest private donation in American History. The response? Vicious attacks on her. I’m tired

      @EricTrumpX1d ago28k▲view on X ↗
    1 more of the top 2 · 2 posts in this stretch

    • https://www. europesays.com/unitedstates/35 121/ Dell pledges $1,000 to Trump Accounts of employees’ kids, and says it will become a standard benefit in corporate America # BigBusiness

      UnitedStates@pubeurope.comMastodon1d agoview on Mastodon ↗
    all of them →
  2. background

    Administration expands Trump Accounts to allow individual stock donations — The Trump administration amended Trump Accounts to permit donations of individual company stocks, a rule change intended to boost wealth-building capabilities. At a White House event, officials announced 70 million Trump Accounts have been created since July.

  3. 1

    Michael and Susan Dell donate $6.25 billion; 25 million children to receive $250 each

    The Dells committed $6.25 billion to the Trump Accounts program, resulting in $250 contributions to 25 million eligible children born between 2016 and 2024. Distribution began this week, with payments scheduled by October 9.

    “No parades please, but instead if you can teach your kids about investing, compounding and capitalism that would be great…”
    — Michael Dell
    1. 2 outlets After $6.25 billion 'gift' to Trump Accounts, Michael Dell's wife Susan Dell makes an 'appeal' to parents

      first by The Times of India, 5d ago · also Times of India

      1 more headline
    2. 1 outlet How to find out if your kid will get $250 from Michael and Susan Dell in their Trump Account this week

      first by Business Insider, 5d ago

  4. background

    Trump Accounts launch as new tax-advantaged savings vehicle — President Trump's namesake savings accounts launched as tax-advantaged vehicles for American children under the One Big Beautiful Bill Act, allowing up to $5,000 in annual contributions with tax-deferred growth until age 18.

  5. background

    Treasury floats plan to accept corporate stock donations to accounts — The Treasury Department announced plans to accept large philanthropic contributions of publicly traded company stock to support Trump Accounts, expanding funding mechanisms beyond cash.

Also covered reported alongside — the timeline has no entry for these yet

  1. 4 outlets Search your ZIP code: Is your child eligible for $250 Trump Account deposit?

    first by Cleveland.com, 15h ago · also PennLive, MassLive, The Oregonian

    1 more headline

and 1 smaller piece

What people are saying 1 voices from 1 site · best of 3 · verbatim