The Friendly New Face of Dark Money: How Fidelity, Schwab, and Vanguard helped wealthy donors pour $171 million of dark money into Project 2025.

For comparison, DonorsTrust, widely deemed the most influential conservative DAF, has distributed so far roughly $612 million since 2020. Together, the DAFs operated by Fidelity, Schwab, and Vanguard have doled out a whopping *$63 billion* in grants since financial year 2020 — more than 100 times what DonorsTrust disbursed.

Goddammit