May 8, 2026
The Intercept: Big Finance Might Be Dooming the SPLC — Even Before Its Day in Court
The Southern Poverty Law Center is preparing for the legal fight of its life with the U.S. government — but its most immediate threat is coming from the financial system, rather than the courts.
Fidelity Charitable, Charles Schwab affiliate DAFgiving360, and Vanguard Charitable have begun blocking donor-advised fund, or DAF, donations to the SPLC — effectively cutting off one of the organization’s most important funding pipelines at a critical moment. The decision arrives alongside a politicized and bogus indictment announced late last month by the Trump Department of Justice, which is attempting to paint one of the country’s most prominent watchdogs against hate and racial violence as a promoter of it.
[…] But the ethical and societal concerns are just as important. Vanguard, Schwab, and Fidelity are punishing a lawful nonprofit organization that hasn’t been convicted of any wrongdoing. These companies are under no obligation to shut off SPLC donations at this time. The San Francisco Foundation, which also oversees donor-advised funds, has promised to continue sending DAFs to SPLC, noting, “we are guided by our values and by our donors, not shifting political winds.”
