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Payments begin on Aug. 31

The $250 Dell grant for children deemed eligible for Trump Accounts will begin landing in those accounts this week. According to the Dell Foundation, automatic payments will start as early as Monday, Aug. 31, and the first funds have already begun moving in active accounts in Texas.

Michael Dell, speaking at an event in Austin alongside Senator Ted Cruz, said the first money had started going into children’s accounts in Texas and that the next step would be to monitor accounts nationwide. Families can check eligibility through Invest America, while account activity can be tracked through the Trump Accounts app.

Who can receive the $250 support?

Eligibility rules and how it differs from the federal program

Trump Accounts, also known as 530A accounts, are open to all U.S. children under 18 with a Social Security number. The Dell grant, however, is aimed specifically at lower-income children, with families required to live in a ZIP code where the median income is $150,000 or less.

Under the U.S. Treasury Department’s pilot program, children born between 2025 and 2028 receive a one-time $1,000 deposit to help kick-start long-term savings. The funds set aside by Michael Dell and his wife, Susan Dell, are intended to provide extra support for children who cannot benefit from that federal seed money and were born between 2016 and 2024.

  • Eligibility can be checked through Invest America.
  • Account activity can be monitored in the Trump Accounts app.

How large is the program?

Susan Dell and Michael Dell have pledged a total of $6.25 billion to provide additional funding for children’s investment accounts. According to Invest America, this is the largest donation ever made for children in the United States.

The Dell Foundation says the money could finance investment accounts for about 25 million American children. Treasury data show that roughly 7 million children have enrolled in the Trump Accounts system so far, highlighting the rapid scale-up of long-term savings accounts for children.

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