Dells Donate $6.25B for 'Trump Accounts'

The Dells $6.25 billion donation, part of the Invest America initiative, aims to provide $1,000 to eligible newborns. Brad Gerstner, CEO of Altimeter Capital, coordinated the gift, anticipating more business leaders to follow. The Dells donation targets 25 million children born between 2016-2025, with parents in eligible areas needing to open a Trump Account to receive the automatic donation. The Invest America CEO Council, including prominent business leaders, has committed to contributing funds to their employees childrens accounts. Gerstner envisions these accounts functioning like 401(k) retirement plans, with companies eventually able to match donations. The idea gained more traction under the Trump administration, which Gerstner found more entrepreneurial and accessible for such a large-scale initiative.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.