Wall Street’s Nonprofits Use Selective, Opaque Logic to Defund Charities
When the Justice Department indicted the Southern Poverty Law Center in April on controversial fraud charges, the storied civil rights organization faced a major threat to its lifeblood — the flow of donor dollars. Not because it was convicted or because the Internal Revenue Service revoked its tax-exempt status.
Reported by 1 outlet — ProPublica. See all sources ↓
When the Justice Department indicted the Southern Poverty Law Center in April on controversial fraud charges, the storied civil rights organization faced a major threat to its lifeblood — the flow of donor dollars. Not because it was convicted or because the Internal Revenue Service revoked its tax-exempt status. Not even because individual donors stopped writing checks. Instead, three Wall-Street-affiliated grantmaking giants each made a decision, one they refused to fully explain, to prevent donors from using their platforms to give to the embattled nonprofit.
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- When the Justice Department indicted the Southern Poverty Law Center in April on controversial fraud charges, the storied civil rights organization faced a major threat to its lifeblood — the flow of donor dollars. Not because it was convicted or because the Internal Revenue Service revoked its tax-exempt status.
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- 1 outlet, average source rating 9.0/10.
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Wall Street’s Nonprofits Use Selective, Opaque Logic to Defund Charities
Sources1TypeCoverageProPublica