Billionaires Michael and Susan Dell pledged a historic $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children.

Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children under 10 an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation.

The historic gift has little precedent, with few single charitable commitments in the past 25 years exceeding $1 billion, much less multiple billions. Announced on GivingTuesday, the Dells believe it’s the largest single private commitment made to U.S. children.

Its structure is also unusual. Essentially, it builds on the “ Trump Accounts " program, where the U.S. Department of the Treasury will deposit $1,000 into investment accounts set up by Treasury for American children born between Jan. 1, 2025 and Dec. 31, 2028. The Dells’ gift will use the “Trump Accounts” infrastructure to give $250 to each qualified child under 10.

    • Insekticus@aussie.zoneEnglish
      7·
      2 days ago

      They didn’t get to be billionaires because they have a kind heart. There will be a self-serving reason behind it, even if that reason it to improve their image.

      True philanthropy from the rich includes them hiding their names from sight. These two probably want their proverbial dick sucked for how “kind and generous” they are.

      • SpikesOtherDog@ani.socialEnglish
        3·
        2 days ago

        True philanthropy from the rich includes them hiding their names from sight.

        That is the way to do it, but the sour part is that people will only see your moneybags.

        For instance, if I actually made $500m annually and donated $450m, people would only see my fat stacks of cash from living off 300k each year and banking almost 50m.

        • Insekticus@aussie.zoneEnglish
          2·
          2 days ago

          Yeah, that’s it. Unfortunately, in a capitalist world full of human animals that suffer from greed, having that much money and power nearly always corrupts individuals into horrific beings. Humans shouldn’t have that much money, ever.

          That’s how we ended up in a dying world, full of corporate elite psycopaths and paedofiles, ruining everything in pursuit of ever more money.

          The ancient Greeks and Romans knew of humanity’s greed and did their best to warn us, but it fell on deaf ears, and too many are tempted by the allure of having whatever they want, whenever they want, in an instant.