Michael Dell, along with his wife Susan, announced on Tuesday they are donating $6.25 billion to so-called “Trump accounts”—a program that gives $1,000 of “free money” from the federal government to children in the U.S. born on, or after, January 1, 2025 through the end of 2028, while Trump is in office.

The Dells’ contribution will allocate about $250 per child, to 25 million children. The accounts are basically long-term savings vehicles.

Parents will be able to contribute to the accounts starting in July 2026, according to USA TODAY. That money will be invested into stock market mutual or index funds.

Here’s what to know.

Who is eligible for a ‘Trump account’?

Accounts are available to all children in the U.S. under age 18 with a Social Security number, and will be managed and acti

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