Charles Schwab’s donor‑advised fund, DAFgiving360, has frozen grants to the Southern Poverty Law Center following a Justice Department indictment alleging financial crimes. The move aligns Schwab with Fidelity and Vanguard, which earlier suspended the same charity. Account holders can still recommend grants to other nonprofits, but the SPLC now disappears from the fund’s eligible list.

Donor‑advised funds let investors earmark cash or securities, claim an immediate tax deduction, and later direct payouts to charities. Schwab’s spokesperson said the suspension triggers when a charity’s governing body initiates an investigation, though no other organizations were disclosed. Critics argue the policy mirrors past actions, such as halting NRA‑linked grants during an active probe.

Legal scholars note the decisions raise questions about political pressure on charitable intermediaries. With the SPLC under federal scrutiny and former President Trump publicly linking it to the 2017 Charlottesville unrest, fund sponsors face heightened scrutiny from both donors and regulators. The episode underscores how donor‑advised platforms can quickly influence nonprofit funding streams.