Last edited Sat May 30, 2026, 12:50 PM - Edit history (1)

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!!!

Also: bwa-ha-haaaaaaaa!!!!!

What a great Friday afternoon present! This reminds me, I need to make another donation to SPLC to help them celebrate.
🎉

when the news of the SPLC investigation came out some large investments companies announced that they were not going to honor their clients' request to make DAF donations to the SPLC and instead were donating to charities they chose. In other words, even though the money belongs to the investor (American worker) if the investment company does not agree with the investor's choice, the American worker's money will not be donated to the charity of the worker's choice.

What will it take for Americans to understand that once they hire a financial advisor, the financial advisor/investment company, not the American worker/investor has total control over all of their hard-earned money???

This is why I continue to donate directly to the organizations I support. Never have used a Donor-Advised Fund.

that they were "instead donating to charities they chose" thanks (I'm assuming you mean QCD, qualified charitable contributions)

even some posted on DU about it.

Any investor at any age can donate to charities using their IRA for DAF donations.

In order to understand how this can be done you must understand "discretionary investment authority".

The news reported that a few days after the DOJ announced its investigation into the SPLC in April 2026, these institutions cited Justice Department (DOJ) indictments regarding the SPLC's financial practices as the reason for the temporary suspensions of DAF funds.

Major investment and financial services companies have blocked donor-advised fund (DAF) distributions to the Southern Poverty Law Center (SPLC). The primary firms that refused to process investor DAF donations include:

Fidelity Investments: Halted grants through Fidelity Charitable.
Vanguard: Paused donations through Vanguard Charitable.
Charles Schwab: Suspended account holders' ability to direct money to the SPLC via their affiliated DAF provider, DAFgiving360.

but where does it say they subsequently "chose" where to send the donation?

grants unilaterally chosen by the DAF even if they decline to make a grant recommended by the creator of the DAF.

contained in the DAF contract.

signs on for a DAF through their financial advisor the FA funnels the DAF money through his financial investment company's 501(c)3 sponsoring charitable organization. All DAF donations go into a pool with other donations to this 501(c)3 org. The investor (working American) can designate the charity but no longer is in control of his donation because the financial investment company is under no obligation to comply because of discretionary investment authority --- and there is no way the investor can ever be sure the designated donation was delivered.

Meanwhile the financial investment company makes bank by taking a percentage of the DAF donation for its fees.

indeed

I’m just surprised that they got here so quickly. I would think trump’s government jerks would want to draw it out. I guess if you have absolutely no evidence along with supporting laws there really isn’t much you can do. Too bad the government lawyers didn’t know that to begin with….. of course they did. The bastards.

Polling is looking really bad for Republicans so we are seeing signs of withering support for Trump. The senators who are balking at the J6 slush fund is one data point, and the IRS lawyers baling on this is another, but there are probably many others. The resistance is working but so is the incredibly self-defeating power of the mob boss's unrestrained hubris. What happens if an energized field of Democrats manage to take Congress? Think of al the crimes committed right out in the open and how exposed his family and cronies will be. All because of hubris.

They certainly should be.
I’ve developed a greater understanding of some other people; the Germans prior to and during WWII and the French during the French Revolution.

looked at the way the informants were paid, and decided it didn't break any tax laws, and was "legally structured". Yes, the current government jerks are still drawing it out. This is just pointing out another arm of the government looked at it all 6 years ago and decided "nothing to see here". The charges now are about "wire fraud", because the SPLC took donations over the internet, and the corrupt MFers in the DoJ are claiming that paying informants in the KKK was not what donors to the org known for infiltrating the KKK wanted to happen.

So, the prosecution is still going forward.

I was just told it was an all around victory for the good guys.

You mean this was something that preceded what the victory is over? Oooh ... Somebody has real prescience of mind. So to speak.

Fucking fascists.