Updated April 29, 2026
Time to move
Leave Fidelity

Move your donor-advised fund to a sponsor that doesn't audit your conscience.

The story · N.Y. Times, April 29, 2026
Why this site exists

Days after the Justice Department indicted the Southern Poverty Law Center this April, Fidelity Charitable — the country's largest donor-advised fund — moved to restrict donor grants to the half-century-old civil rights organization. No conviction. No trial. Just a quiet quarantine of one of America's most prominent watchdogs against extremism.

Fidelity Charitable is technically a separate 501(c)(3), but Fidelity Investments started it, gave it the brand, and manages much of the money parked there — earning asset-management fees on your charitable balance while it waits to be granted. The most direct response is to move your DAF to a values-aligned sponsor whose grant policy isn't shaped by the parent firm's politics.

Then write to your sponsor — and to every other DAF sponsor that hasn't yet shown its hand — and tell them not to follow. The balance is yours to direct. The values driving the sponsor holding it shouldn't be the White House's.

Move your DAF — where the pressure works hardest

If you have a donor-advised fund at Fidelity Charitable, that's where this story actually happened — and it's the one place your money has a one-to-one effect. Unlike retirement, a DAF balance isn't locked up by your employer or your tax year. You can grant the whole thing, today, to a sponsor whose mission you actually want behind your charitable dollars.

The same logic applies if your DAF is at Schwab Charitable, Vanguard Charitable, or any commercial DAF sponsor that quietly mirrors the Fidelity playbook. Move it to a values-aligned sponsor — one that won't quarantine a 50-year-old civil rights group on the strength of an indictment, and whose investment fees don't flow back to a firm whose brand is making those calls.

How a DAF transfer works

  1. Open a DAF at the new sponsor
    Most do this online in under an hour. Minimums vary — AUM and many community foundations are accessible at $10K–$25K; Tides starts at $100K.
  2. Get the new sponsor's grant-receipt details
    You need their legal name, EIN/tax ID, and instructions on how the funds should be designated when they arrive (typically: "to open a DAF in the name of [your account]").
  3. Recommend a grant from Fidelity Charitable
    Log into Fidelity Charitable, recommend a grant to the new sponsor for your full balance, with that designation in the special instructions field. Fidelity Charitable cannot refuse a grant to a registered 501(c)(3).
  4. Wait 1–3 weeks
    The new sponsor opens your account when the funds settle. From then on, your future grants come from a sponsor whose grant policy isn't on a Trump-era leash.

One-way move: DAF balances are irrevocably charitable, so you can't pull cash back out — but you're not trying to. You're choosing whose mission stewards your charitable dollars from here. Fidelity Charitable may try to discourage the transfer; the grant will go through.

Tell your custodian — new or existing — don't bow to Trump

This isn't only for people leaving Fidelity Charitable. Wherever your DAF lives — Schwab Charitable, Vanguard Charitable, a community foundation, AUM, Tides, or anywhere else — your sponsor needs to hear from you now, before the next charity gets quarantined. A one-paragraph email tells them what standard you expect on charitable grantmaking, and the more inboxes that fill up, the harder it becomes to quietly follow Fidelity's lead. Copy the template, paste it into your sponsor's contact form, and ask a friend to do the same.

Email template

Subject: Don't follow Fidelity — protect your DAF clients from political pressure

Dear [Firm name],

I am a client of [Firm name] and I am writing about a development at one of your competitors. Days after the Justice Department indicted the Southern Poverty Law Center, Fidelity Charitable — the country's largest donor-advised fund — quietly restricted donor grants to that half-century-old civil rights organization. No conviction. No trial. Just a quiet quarantine of a charity at the moment its work is most needed.

I am asking [Firm name] to publicly commit to a different standard:

  1. [Firm name] will not block donor grants to lawfully-operating 501(c)(3) charities on the basis of a federal indictment alone.
  2. [Firm name] will resist the Trump administration's evident pressure on financial firms to defund disfavored civil rights organizations.
  3. Any restriction on a charity will be applied transparently, with the criteria disclosed publicly and applied consistently across the political spectrum.

The accounts are ours. The values driving the firm holding them should not be the White House's.

Sincerely,
[Your name]

Use your sponsor's "Contact Us," "Feedback," or donor-relations channel. The DAF cards above link straight to each sponsor's site; for any sponsor not listed, search "[Sponsor name] contact us" or "[Sponsor name] feedback." The form-letter inbox is read; the message volume is logged.

Sources
Built as advocacy, not financial advice. Confirm fees and account specifics with your chosen custodian before initiating a transfer. No affiliation with any brokerage listed.
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