The Shadowy Gatekeepers of American Philanthropy In the world of high stakes giving, where a few powerful organizations control billions in charitable assets, it's time to scrutinize the opaque and often self serving logic that governs their decisions.
A recent example involves Vanguard Charitable, Fidelity Charitable, and Charles Schwab's DAFgiving360, which collectively froze donations to the Southern Poverty Law Center (SPLC) amid allegations of fraud.
The SPLC's predicament highlights that these three Wall Street affiliated grantmaking giants are not merely conduits for charitable giving but also active participants in shaping the philanthropic landscape.