The White House will launch a new savings initiative for children on Tuesday, introducing the president Donald Trump’s The “Trump Accounts” program along with a multi-billion dollar pledge from Michael and Susan Dell: the effort’s first major dose of private funding.

“Trump’s One Big Beautiful Bill is a revolutionary investment by the federal government in the next generation of American children,” White House spokesman Kush Desai told Fox News Digital.

“It’s also President Trump’s call to action for American businesses and philanthropists to do their part, too: Michael and Susan Dell’s $6 billion investment in America’s children is the first of many announcements to come for America’s children.”

MICHAEL AND SUSAN DELL DONATE $6.25M to Fund ‘Trump Accounts’

Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, announced a $6.25 billion investment for the “Trump accounts” on Tuesday.

“These investment accounts are simple, safe and structured to grow in value through market returns over time. At age 18, these young Americans can have a financial foundation for further education, job training, home ownership or future savings. It’s a simple but very powerful idea,” the couple wrote in a statement.

‘TRUMP BILLS’ FOR NUS NATS COULD GROW TO $1.9B, Treasury Says

Susan Dell and Michael Dell announced the $6.25 billion investment. (Rick Kern/Getty Images/Getty Images)

The new savings program, included in the One Big Beautiful Bill and signed by Trump on July 4, gives all children born between January 1, 2025 and December 31, 2028 a one-time $1,000 government deposit at birth.

Families can open an account once their child has a Social Security number, and the money must remain untouched until the child turns 18.

HOW THE “BIG, BEAUTIFUL BILL” GIVES AMERICAN BABIES A FINANCIAL ADVANCEMENT

Parents and other family members can contribute up to $5,000 per year, with the limit subject to possible inflation adjustments after 2027.

And those contributions can add up quickly.

Treasury estimates indicate that “Trump accounts” could build up to a seven-figure balance by early adulthood if families maximize contributions and allow the funds to grow.

GET THE FOX BUSINESS ANYWHERE CLICK HERE

A fully funded account could go up to as much as $1.9 million at age 28according to the Tax Analysis Office of the Treasury. Even at the lower end of projected returns, the savings account it could still make nearly $600,000 over the same period.

Even without additional contributions beyond the initial $1,000 from the federal government depositthe Treasury estimates the account could grow by $3,000 to $13,800 over 18 years.