In the Hidden World of Donor-Advised Funds, Anti-LGBTQ Groups Make Big Money
April 8, 2025
Over the past five years, the biggest DAF sponsors include Fidelity Charitable; Vanguard Charitable; and DAFgiving360, formerly Schwab Charitable. They gave at least $37.8 million to anti-LGBTQ nonprofits who advocate in favor of conversion therapy and against gay marriage and are spearheading the rollback of many transgender rights.
But it’s outside of these mainstream DAF sponsors where the money really flows, nowhere more so than through the National Christian Foundation (NCF), the monolith of Christian faith-based giving. In 2024 alone, NCF made $2.6 billion worth of grants to 36,560 charities. Through the years, they have given at least $173 million to ADF, $126 million to Focus On The Family and $40 million to Family Research Council.
