Philanthropy
Michael and Susan Dell pledge $6.25 billion to seed ‘Trump Accounts’ for 25 million children
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Michael Dell and his wife, Susan, have committed $6.25 billion to deposit $250 into investment accounts for about 25 million American children aged 10 and under in lower- and middle-income areas. The donation builds on a Trump administration program that will provide a $1,000 government deposit for newborns from 2025 through 2028, using accounts administered by the U.S. Treasury and promoted by the nonprofit Invest America.
Turning Point USA has renamed its headquarters the Buckman Campus following a record $10 million gift from philanthropists Nelda and Karl Buckman. The announcement came at a ceremony in Arizona on December 17, three months after founder Charlie Kirk's assassination. The donation, made in June, honors Kirk's vision for the conservative youth organization.
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Old students of Yewa College have launched a N20 billion endowment fund to support their alma mater.
The Gates Foundation has announced a $1.4 billion pledge to support smallholder farmers in sub-Saharan Africa and South Asia, including Kenya, amid climate challenges. The funds, spread over four years, aim to enhance access to technologies for crop yields, livestock, and land restoration. This initiative addresses critical funding gaps for farmers who produce much of the world's food.
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FIFA and Global Citizen have announced the FIFA Global Citizen Education Fund Advisory Board, featuring celebrities like Shakira and The Weeknd. The initiative aims to raise $100 million for children's education and literacy worldwide. It follows initial donor contributions and aligns with FIFA's commitment to global access to education and football.