Fidelity, Vanguard cut off donations to SPLC amid donor fraud case

As the Southern Poverty Law Center (SPLC) faces an indictment on financial crimes charges, two of the country’s largest sponsors of donor-advised funds have cut off the group from receiving proceeds. Fidelity Charitable, which manages over 350,000 charitable giving accounts that allows customers to receive tax savings while making donations to eligible nonprofits, said that the center is no longer an eligible recipient. An email to a donor read, per the New York Times, "Fidelity Charitable is aware of an ongoing governmental investigation into Southern Poverty Law Center. Consistent with our grant-making standards and practices, the organization is not an...