Fidelity Charitable
Coverage of Fidelity Charitable in the Nexus archive.
- Wall Street’s Nonprofits Use Selective, Opaque Logic to Defund Charities
Three Wall-Street-affiliated grantmaking giants—Vanguard Charitable, Fidelity Charitable, and Charles Schwab’s DAFgiving360—cut off donor dollars to the Southern Poverty Law Center (SPLC) using selective logic. ProPublica investigated these decisions, uncovering troubling inconsistencies in how the groups applied their policies, noting that donors and affected charities are routinely left unaware of the decision-making process.
- Big Finance Might Be Dooming the SPLC — Even Before Its Day in Court
The Southern Poverty Law Center is facing financial consequences due to blocked donations from major financial institutions, despite not being convicted of any wrongdoing. The decision comes alongside a politicized indictment announced by the Trump Department of Justice. The SPLC is preparing for a legal fight against the US government.
- Fidelity blocks fund donations to SPLC after federal indictment
Fidelity Charitable has blocked donor-advised funds for the Southern Poverty Law Center (SPLC) following a federal indictment by the Justice Department (DOJ) for alleged bank and wire fraud. The move comes amid an ongoing governmental investigation into the SPLC.