Fidelity Won't Let Fund Holders Donate to Southern Poverty Law Center

amerine

https://archive.is/IvVBz

PopAlongKid

DAFs (U.S. tax law) were never meant to benefit charities, they are a way to give donors a tax break today by putting money in the hands of for-profit entities like Fidelity in exchange for a vague promise to maybe someday donate to an actual charity. 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.

bobsmooth

I guess Fidelity doesn't want to help fund hate groups. https://www.justice.gov/opa/pr/federal-grand-jury-charges-so...

mil22

It's truly a sad reflection on the state of our government that when I read the DoJ's press release about these charges, all I could think is that the charges are probably not legitimate and are instead politically motivated. This administration has no credibility left whatsoever. Then to see Fidelity take a political stand - well, given my terrible experiences with that company, I can't say I'm surprised.

SpicyLemonZest

The Trump regime's campaign to radicalize as many people as possible continues unabated.