The children, ten years old and younger, receive the money through a so-called "Trump account" set up by the US Treasury Department - part of the Trump administration's Invest America program.
The money will not be taxed until it is withdrawn. This can only happen when a recipient turns 18. Until then, it will be managed in an index fund.
Donor Michael Dell is worth $148 billion, according to Bloomberg. He has previously spoken positively about President Donald Trump's "Trump accounts" and promised to match the Trump administration's investments in the Invest America program for children with similar investments for the children of Dell employees.
