The Vanguard Group
Risk Level:
Summary:
Firsthand accounts allege that Vanguard uses the Southern Poverty Law Center (SPLC), an ideological group, to prescribe litmus tests for charitable donations. Vanguard has purportedly used this "Hate Group" list to deny donations from would-be donors to IRS-registered 501(c)3 charities of their choice. For this reason, Vanguard's donor-advised funds are not reliable. The company also will not work with vendors that lack LGBTQ nondiscrimination protections. It funds ideological groups hostile to free expression, does not provide religious or viewpoint protections for employees, and advocates for the Equality Act. For these reasons, Vanguard receives a "High Risk" rating.
Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
Vanguard received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means Vanguard has pledged to vet vendors based on LGBTQ policies (1). Vanguard has not publicly terminated business relationships due to religious beliefs or political views.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Firsthand accounts describe Vanguard Charitable (under The Vanguard Group) preventing donations through donor-advised funds to specific non-profits based on ideological and anti-religious animus dictated by the SPLC’s “Hate Group” list. This occurs despite the company’s policy not to discriminate against faith-based charities (1)(2)(3).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Vanguard does not have religious or viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
All links were last accessed and all information was updated on:
March 23, 2023
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