In recent months, the idea of providing every American newborn with a $1,000 account has gained remarkable attention, especially in the wake of proposals and discussions involving former President Donald Trump. The concept is simple but powerful: by seeding accounts for infants at birth, we can help families build a foundation of financial security, encourage long-term savings, and promote economic mobility from the very start of life.

This proposal takes on greater significance when considered alongside the philanthropic efforts of notable Americans. Michael and Susan Dell, for instance, have long demonstrated their commitment to improving family outcomes through charitable giving. With a reported $6.25 billion dedicated to helping families, their support has reached communities across the country, fueling education initiatives, health care improvements, and poverty reduction. Imagine the impact if such philanthropic energy were channeled into a nationwide newborn account program.

The $1,000 account idea isn’t just about money—it’s about hope, opportunity, and the potential to break cycles of poverty that persist from generation to generation. For families struggling to make ends meet, even a modest nest egg can make the difference between affording college, starting a business, or weathering a financial emergency. Moreover, if matched by public and private partners—including philanthropists like the Dells—the program could multiply its effects, providing ongoing support and encouragement to families over time.

Critics may argue that such programs are costly or that they risk encouraging dependency. But history and research show that early investments in children yield significant returns, both for individuals and society as a whole. By combining government leadership with private generosity, we can design a system that promotes personal responsibility, financial literacy, and economic resilience. It is not a handout—it is a hand up.

I urge our leaders, policymakers, and philanthropists to come together in support of this vision. Let’s explore how we can create public-private partnerships, leverage philanthropic resources, and ensure that every child, regardless of background, begins life with the promise of opportunity. Michael and Susan Dell have shown what is possible when compassion meets action. With bipartisan commitment and innovative thinking, the $1,000 newborn account could become a reality, transforming the futures of millions of American families.