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Michael Dell is giving $250 to 25 million kids so they can start investment accounts

Michael and Susan Dell have announced a $6.25 billion philanthropic initiative to provide $250 each to 25 million American children under the age of 10. This significant donation aims to encourage the opening of investment accounts, aligning with a broader framework established in recent tax and spending legislation.

Michael Dell is giving $250 to 25 million kids so they can start investment accounts

Credit: Qz

Key Highlights

  • The Dells' initiative targets 25 million children under 10 years old.
  • $250 will be deposited into individual investment accounts for each child.
  • The total pledge amounts to $6.25 billion, marking one of the largest private donations to U. S. children.
  • The announcement was made on GivingTuesday as part of a broader philanthropic effort.
  • Michael Dell is the chairman and CEO of Dell Technologies, founded in 1984.
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Sources

  1. Michael Dell is giving $250 to 25 million kids so they can start investment accounts
  2. What Michael Dell’s Blockbuster Donation Means for Philanthropy
  3. Who are Michael, Susan Dell? Philanthropists behind $6.25 billion pledge for US kids under Trump's plan

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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