Eligible Trump Account Families to Receive $250 Dell Foundation Grants Starting Monday

Dell Technologies CEO Michael Dell speaks during the launch of Trump investment accounts in the Oval Office of the White House in Washington, DC, on July 6, 2026. (Mandel Ngan | AFP | Getty Images)

Eligible families enrolled in the Trump Accounts program will start receiving a $250 grant from the Dell Foundation this week, according to a foundation announcement. The $250 grants will be automatically deposited into accounts starting Monday, Aug. 31, a foundation spokesperson confirmed to CNBC. Parents and guardians can verify their eligibility for the grant through Invest America, a nonprofit advocacy group partnered with the Dells, and monitor account activity via the Trump Accounts app.

“I’m very proud to say that, as of this morning, the first funds are already moving to activated accounts for children here in the great state of Texas, with children across the country to follow soon,” Michael Dell, CEO of Dell Technologies, said during an event in Austin alongside Senator Ted Cruz, R-Texas, on Monday.

Trump Accounts, officially known as 530A accounts, are open to any U.S. child under 18 who has a Social Security number. Under a pilot program designed to stimulate long-term savings, children born between 2025 and 2028 are eligible for a one-time $1,000 deposit from the U.S. Department of the Treasury.

Recognizing the gap for children born earlier, Michael and Susan Dell committed a historic $6.25 billion to fund accounts for children born between 2016 and 2024 who do not qualify for the federal seed money. The Dell grant specifically targets lower-income families, requiring applicants to reside in ZIP codes where the median household income is $150,000 or less.

This monumental donation represents the largest philanthropic contribution ever dedicated to children in the United States, according to Invest America, with the potential to fund investment accounts for approximately 25 million children.

“What the research shows us, pretty clearly, is that when a kid has even a small account in their name, they start to see themselves differently, and that shows up in graduation rates, in homeownership, in the businesses they start,” Dell previously explained to CNBC. “That’s not just a financial outcome — it’s a mindset shift. And when you think about every kid growing up with that sense of ownership in the American economy, the compounding effect on this country over 10, 20, 30 years is tremendous and what excites Susan and me the most.”

To date, approximately 7 million children have been registered for Trump Accounts, according to the latest data from the Treasury Department.

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