US Treasury Secretary Scott Bessent anticipates a surge in donations from billionaires, foundations, and corporations as part of the new “Trump Accounts” initiative. The Invest America program managed by the Treasury aims to reach 25 million children born between 2025 and 2028, engaging them in an “ownership economy” by providing access to asset growth that has traditionally been available primarily to affluent families.

At the New York Times DealBook Summit, Bessent announced that the initiative has already secured a significant commitment of $6.25 billion from Michael and Susan Dell. This program offers philanthropists a mechanism for directly passing some of their wealth to a new generation of Americans.

According to the Treasury Secretary, donors will have the ability to target their contributions, directing funds to children in specific states or school districts, thereby adding flexibility to charitable investments.