Pablo José Hernández, Resident Commissioner from Puerto Rico, announced that the Michael & Susan Dell Foundation has included Puerto Rico in its $6.25 billion national commitment to support children’s savings accounts across the United States. The foundation will invest $250 per child under 10 years old in ZIP codes where the median income is less than $150,000, following federal eligibility requirements.
“This practically includes all of Puerto Rico,” Hernández stated.
After the foundation’s announcement, Hernández’s office sought clarification on Puerto Rico’s eligibility to ensure the island was included.
“This is good news for families in Puerto Rico,” said Hernández. “Our office acted quickly to get answers and ensure that the island was included. I appreciate the confirmation from the Dell Foundation and their commitment to ensuring that children in Puerto Rico benefit from this national investment. These funds will help thousands of young people start saving and create opportunities.”
The $250 contribution from the Dell Foundation will be available for children who have a “Trump” account in 2026 and are ten years old or younger. Hernández indicated that an informational sheet would be published at a later date.
The Michael & Susan Dell Foundation recently announced its national initiative aimed at reaching up to 25 million children nationwide, including those in Puerto Rico, except for areas where household median income exceeds $150,000. The foundation confirmed it will apply federal eligibility criteria uniformly across all states and territories meeting those standards.
Hernández’s office plans to continue monitoring implementation with both the IRS and Department of Treasury as they roll out this law next year.