Michael Dell said Thursday that 25 million children would have received $250 each from him and Susan Dell by Friday, Oct. 9, fulfilling their $6.25 billion commitment. Ten million accounts had received the gifts as of Wednesday morning. Parents must still claim their child's account to access financial benefits, including a $1,000 federal contribution for eligible children born from 2025 through 2028.
The stock donation rules prevent parents from choosing the shares, rejecting them or selling them for five years. Richard Neal, the top Democrat on the House Ways and Means Committee, warned that the changes could be ripe for grifting. Andrew Ross Sorkin wrote that the rule “appears to be at odds with the statute as written,” while Florida Governor Ron DeSantis argued that allowing direct stock donations would expand giving because much of wealthy donors' assets are held in shares.