https://blog.charitywatch.org/the-dark-side-of-donor-advised...
I wonder if Fidelity is putting a similar restriction on those age 70 and above who wish to make a Qualified Charitable Distribution (QCD) from their Traditional IRA to Southern Poverty Law Center. This would be even worse, since it is not Fidelity's job to audit the charitable deductions made via QCDs.
Your "guess" is not the stated reason. FTA:
>“Consistent with our grant-making standards and practices, the organization is not an eligible grant recipient during the ongoing investigation.”
In fact, WRT Fidelity's actual disposition on funding hate groups,the SPLC reported in 2023 that their donor advised fund had been consistently used to that effect, including anti-LGBTQ, anti-government, anti-Muslim, and hard right groups.[0]
[0]https://www.splcenter.org/resources/hatewatch/extremist-cryp...
Then to see Fidelity take a political stand - well, given my terrible experiences with that company, I can't say I'm surprised.
amerine•1h ago