Michael and Susan Dell Commit $6.25 Billion to Youth Savings Initiative

Billionaire philanthropists Michael and Susan Dell announced a $6.25 billion donation on Tuesday. The funds will establish savings accounts for approximately 25 million American children. The initiative will create what are being called "Trump accounts." Each account will receive a $250 starting deposit. The program aims to provide a financial foundation for young people. Michael Dell is the founder and CEO of Dell Technologies. He and his wife, Susan, manage their philanthropy through the Michael & Susan Dell Foundation. The foundation focuses on education, family economic stability, and health. The couple made the announcement in a public statement. Further details on eligibility and account management are expected in the coming months.