Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze I hate these cowardly businesses that comply in advance. They have the capital and the lawyers to do the right thing
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze holy cow, what a disgrace.
Of course not your part in it - but all other parts.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
Donor-Advised Funds (DAFs) are essentially charitable clearinghouses that allow you to make lump donations that can be parceled out to tax-exempt charities from an account. They're a convenient vehicle for making non-cash donations (such as stocks), because they take care of converting the donation to cash for distribution to the charities. They work like a bank account for donating.
Except when they refuse to process donations, apparently.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze Imagine if Fidelity blocked donations to Hillary Clinton in the last week of the 2016 election. People would LOSE THEIR SHIT.
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Donor-Advised Funds (DAFs) are essentially charitable clearinghouses that allow you to make lump donations that can be parceled out to tax-exempt charities from an account. They're a convenient vehicle for making non-cash donations (such as stocks), because they take care of converting the donation to cash for distribution to the charities. They work like a bank account for donating.
Except when they refuse to process donations, apparently.
The alternative to using a DAF is to donate directly to a charity. But there are advantages - to both the donor and the charity - to using a DAF. Not all charities are equipped to efficiently process non-cash assets like stocks, and they don't need to issue individual tax receipts for donations from DAFs. For the donor, you can bundle donations into a single tax year and parcel it out later.
But all these advantages are for naught if they refuse to send money to your preferred charities.
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@mattblaze Imagine if Fidelity blocked donations to Hillary Clinton in the last week of the 2016 election. People would LOSE THEIR SHIT.
@prism Political campaigns aren't eligible for tax-exempt donations.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze
Fidelity = Trump's fascist bitches. Boycott. -
Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze yiiiikes. I may reconsider setting up a DAF if it's going to be like this!
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze Heh, more like INFIDELITY!
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The alternative to using a DAF is to donate directly to a charity. But there are advantages - to both the donor and the charity - to using a DAF. Not all charities are equipped to efficiently process non-cash assets like stocks, and they don't need to issue individual tax receipts for donations from DAFs. For the donor, you can bundle donations into a single tax year and parcel it out later.
But all these advantages are for naught if they refuse to send money to your preferred charities.
Background: The Trump DoJ is claiming that the SPLC's use of paid informants inside organizations like the Klan is somehow a fraud against its donors. I'm a donor. This is exactly the kind of work I WANT to support. Which is why I tried to make an additional donation.
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Background: The Trump DoJ is claiming that the SPLC's use of paid informants inside organizations like the Klan is somehow a fraud against its donors. I'm a donor. This is exactly the kind of work I WANT to support. Which is why I tried to make an additional donation.
@mattblaze ditto, liekd subscrybd
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R relay@relay.infosec.exchange shared this topic
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Background: The Trump DoJ is claiming that the SPLC's use of paid informants inside organizations like the Klan is somehow a fraud against its donors. I'm a donor. This is exactly the kind of work I WANT to support. Which is why I tried to make an additional donation.
@mattblaze My DAF is managed by Morgan Stanley. They approved my recent grant request to SPLC (which I made after the indictment). So this is specific to Fidelity, which seems to be imposing a guilty until proven innocent, don't piss off Trump process that they are under no obligation to use.
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@mattblaze My DAF is managed by Morgan Stanley. They approved my recent grant request to SPLC (which I made after the indictment). So this is specific to Fidelity, which seems to be imposing a guilty until proven innocent, don't piss off Trump process that they are under no obligation to use.
@not2b Yeah, it seems to be Fidelity and Vanguard. Unfortunately, these are giants in the DAF world.
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@not2b Yeah, it seems to be Fidelity and Vanguard. Unfortunately, these are giants in the DAF world.
@not2b But I'm glad to hear about Morgan Stanley. Will look into opening an account there.
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Background: The Trump DoJ is claiming that the SPLC's use of paid informants inside organizations like the Klan is somehow a fraud against its donors. I'm a donor. This is exactly the kind of work I WANT to support. Which is why I tried to make an additional donation.
not to mention, by this logic, every law enforcement agency is committing fraud against the taxpayers by using paid informants...
the level of just plain stupid from the current Dept of Jesters is just staggering.
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@mattblaze My DAF is managed by Morgan Stanley. They approved my recent grant request to SPLC (which I made after the indictment). So this is specific to Fidelity, which seems to be imposing a guilty until proven innocent, don't piss off Trump process that they are under no obligation to use.
@mattblaze It is possible for you to transfer your entire donor advised fund to a new manager.
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Last week I tried to make a donation, via my Fidelity Donor Advised Fund, to the SPLC, which I've donated to previously. Fidelity rejected the transaction.
SPLC is a 501(c)3 charity that is fully eligible to receive tax-deductible contributions. They are the target of a Trump DoJ investigation, but they haven't been found guilty of any crime, and their 501(c)3 status remains valid.
I'll be moving my DAF to one that respects my (lawful) wishes.
@mattblaze I've been moving from Fidelity to Daffy, which has lower fees and is much more pleasant to use. https://daffy.org
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@mattblaze I've been moving from Fidelity to Daffy, which has lower fees and is much more pleasant to use. https://daffy.org
Clicked through in hopes of seeing a certain duck represented
Alas, no cartoon waterfowl in evidence
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R relay@relay.publicsquare.global shared this topic
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@mattblaze I hate these cowardly businesses that comply in advance. They have the capital and the lawyers to do the right thing
Fidelity isn't just complying in advance.
https://thehill.com/homenews/administration/5855617-fidelity-block-donor-advised-funds-southern-poverty-law-center-doj-indictment/Fidelity is an active participant in the hijacking of democracy in service to the fossil fuel industry.
1. They helped finance Musk's Twitter purchase
https://fortune.com/2024/08/22/elon-musk-x-twitter-owner-list/
https://archive.is/4PAxzhttps://www.nytimes.com/2015/01/21/technology/google-makes-1-billion-investment-in-spacex.html
https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
2. They are a major GOP donor.
https://www.desmog.com/2024/10/28/friendly-new-face-dark-money-fidelity-schwab-vanguard-donor-advised-funds-daf-project-2025/1/
