DAFgiving360 suspends donations to Southern Poverty Law Center
Updated
Updated · The New York Times · May 1
DAFgiving360 suspends donations to Southern Poverty Law Center
11 articles · Updated · The New York Times · May 1
The Charles Schwab-affiliated donor-advised fund acted after a Justice Department indictment last week accused the civil rights group of financial crimes; Fidelity and Vanguard-branded funds also halted grants.
A spokeswoman said DAFgiving360 may suspend grants when a governing body overseeing a charity declares an investigation into it, but she declined to identify any other organizations affected.
Donor-advised funds let users claim immediate tax deductions, then recommend grants over time, but the sponsoring fund legally controls whether money goes to an eligible charity.
A new lawsuit challenges donor fund control. Could your giving rights soon change?
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