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During the early years of the foundation, they focused on the improvement of education and childrens health in Central Texas. We want everyone to know that we are in this for the long haul to support families and communities - our neighbors in need. The Michael & Susan Dell Foundation was established in 1999 by Michael and Susan Dell in Austin, Texas. “Michael and I are both from Texas, and the street he grew up on is underwater now. Anyone can contribute to the fund by texting “RebuildTx” to 91999 and following the prompts. Mountain hopes others will contribute alongside the Dells. Dell’s largest he gave $50 million to the University of Texas at Austin in 2013.īut Ms. The $36 million pledge to the Rebuild Texas Fund will not be Mr. He is still chief executive of Dell, and in 2015 orchestrated one of the biggest technology deals ever, the $67 billion purchase of EMC.įounded in 1999, the Dell Foundation has given away more than $1.3 billion. Dell is a billionaire many times over, having founded Dell, turned it into the largest computer maker in the world, then taken the company private in 2013.

Instead, the OneStar Foundation and the Dell Foundation would cover those expenses, meaning that “for donors, their contributions are going directly to victims,” she said. Michael Dell, the billionaire Texan who founded Dell Technologies, has pledged 36 million of his foundation’s money to help disaster relief efforts in the wake. Mountain, who had family rescued in Houston this week, said none of the money raised for the Rebuild Texas Fund would be used for administrative costs. Mountain said the money raised would be used to help families in four main areas: health and housing, schools and child care, work force and transportation, and capital for rebuilding small businesses. The fund, which was created only in the past few days, has not identified grantees yet. “We want to make sure we have resources to fund all of those phases.” "We are looking at months and months of rebuilding,” she said in an interview.