The philanthropic arms of the two companies, Fidelity Charitable and Vanguard Charitable, allow their customers to donate to a list of nonprofits via donor-advised funds (DAF). Fidelity Charitable, which has about 350,000 donation accounts, describes DAF on its website:

"A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about. 

"When you contribute cash, securities, or other assets to a donor-advised fund at a public charity, like Fidelity Charitable, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to any eligible IRS-qualified public charity."

However, both of the asset management giants have a policy of disallowing donations to organizations if those potential recipients are under indictment for a crime—as SPLC has been since last week.

"The SPLC allegedly engaged in a massive fraud operation to deceive their donors, enrich themselves, and hide their deceptive operations from the public," FBI Director Kash Patel said on April 23, announcing that a grand jury had returned an 11-count indictment of the Southern Poverty Law Center (SPLC).

"The SPLC is manufacturing racism to justify its existence," Acting Attorney General Todd Blanche explained in a press release. Between 2014 and 2023, the SPLC secretly funneled more than $3 million in donated funds to individuals who were associated with various violent extremist groups including the Ku Klux Klan, Aryan Nations, and National Socialist Party of America, Patel and Blanche alleged at a press conference.

In response, Fidelity and Vanguard notified customers that they could no longer donate to SPLC, due to the criminal indictment, pending resolution of the case.

 "The organization has had allegations and/or charges brought against them for activities that may call into question their ability to carry out their tax-exempt charitable purpose," Vanguard Charitable told customers. "If we become aware an organization has been charged with a crime by state or federal authorities, we pause grant-making while the matter is pending."

Ironically, customers had been able to donate to SPLC through the two firms' charitable programs—even though SPLC in 2023 branded both Vanguard Charitable and Fidelity Charitable as donor advised funds from which "hate-and extremism-related nonprofits were receiving funding."

A "Hatewatch" page currently on SPLC's website is titled "Extremists Get Boost From Donor-Advised Funds, Bitcoin." The page lists funding received by—what SPLC considers "hate" and "extremist" nonprofits —from "six popular donor-advised funds." Subscribe for free to Breaking Christian News here

Listed among the so-called hate groups receiving funding from Fidelity Charitable are:

• Turning Point USA.
• Parents Defending Education.
• American Family Association.
• Family Research Council.
• Alliance Defending Freedom.
• Liberty Counsel.

For its part, Vanguard is condemned by SPLC for allowing customers to donate to nonprofits such as:

• Moms for America.
• Project Veritas.
• Turning Point USA.
• Parents Defending Education.
• American Family Association.
• Family Research Council.
• Alliance Defending Freedom.
• Liberty Counsel.

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

'Battle for Britain': Christian Leaders Call the Church to Prayer as Thousands Prepare to Gather

Even Democrat Massachusetts Lawmakers Call State's New Abortion-Until-Birth Law 'Barbaric'

Trump Bump: Tax Refunds Jumped 17% After President's Signature Law, GAO Reports, $43 Billion More in Refunds

(Watch) Scott Presler Unearths Video of Minnesota Elections Official Telling Workers 'Do NOT Ask for an ID'

'Commonsense': Department of Education to No Longer Require School Discipline Policies That Discriminate on the Basis of Race

Texas Dem James Talarico Calls Bible Education 'Propaganda' as Texas Schools Restore Biblical Literacy

Parents Sue School Over Mosque Field Trip 'Indoctrination'

Gov. Abbott Stops Airport's Plan to Put Islamic Foot-Washing Stations in Restrooms

Pakistani Christians Rally for Equal Rights

New York Town Bans Christians from Erecting Displays in Public, While Allowing Islamic and Other Symbols

Artificial Ignorance: The Political Falsehoods of Leading AIs

Mom and Daughter Forced to Cover 'XX/XY' Shirts at State Farm Arena in Support of Sophie Cunningham, While Pro-Trans Message Appeared on Jumbotron (Video)

Iran: 60-Day Ceasefire Ends, Trump Confirms IRGC Backchannel Peace talks, Calls for Iran's 'White Flag of Surrender' (Video)

Exposed: 1,000 Fake Marriages, Tens of Millions in Fraud

Trump Administration Announces Historic Funding for Faith-Based Humanitarian Orgs, Samaritan's Purse, World Vision and More

US Missionary Freed from 9 Months in Captivity After White House Prioritized His Rescue

Trump Effect: Prescription Drug Prices Fall At Record-Breaking Pace

Dem Senate Nominee and Muslim El-Sayed in the Hot Seat after 'Sickening' Animal Control Record Goes Viral on Social Media

A 7-Year-Old Boy's Preventable Death Demands an End to Polite Silence

Mom Sues School that Retaliated Against Her for Objecting When It Subjected Her Kids to Trans/Intersex Propaganda