Georgia Sued Charity Over Alleged Misuse of Funds
The lawsuit targets a donor-advised fund operator accused of siphoning millions in assets for personal expenses.
Updated on Sept. 25, 2026 in Philanthropy
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Georgia Attorney General Chris Carr filed a lawsuit against the SDG Impact Fund and its CEO, Anthony Suber, alleging the organization diverted donor money toward tuition, vacations, and car loans. The suit seeks to shut down the fund and place its remaining assets under court supervision.
Why it matters
This case highlights the risks associated with donor-advised funds, where minimal oversight has enabled alleged misappropriation of capital that was intended for charitable causes.
The SDG Impact Fund claimed to control $10 billion in assets, yet distributed only 0.185% to charitable causes. One donor reported contributing nearly $1.9 million to the organization.
The players
Chris Carr
The Attorney General of Georgia responsible for enforcing state laws and representing the public in legal actions against fraudulent entities.
Anthony Suber
The CEO of SDG Impact Fund who allegedly directed charitable contributions toward personal expenses.
SDG Impact Fund
An organization that managed donor-advised funds and claimed to oversee $10 billion in assets.
The details
The SDG Impact Fund operated by soliciting contributions for donor-advised funds, which allow contributors to direct future charitable distributions. The lawsuit alleges that instead of facilitating these grants, CEO Anthony Suber used the funds for personal expenditures and continued to solicit donors under various business names despite the investigation. Authorities found no full-time staff present at the company's Cartersville office, and the attorney general is now requesting a court-appointed receiver to recover remaining assets.
Timeline
July 2026: State investigations into the organization were first reported.
September 25, 2026: Attorney General Chris Carr filed the civil lawsuit in Fulton County.
Market Landscape
This lawsuit follows a growing trend of state-level intervention aimed at increasing transparency for philanthropic structures. It marks a significant escalation in regulatory scrutiny regarding the oversight of donor-advised funds.
Business owners and philanthropists should conduct deeper due diligence on fund operators, including verification of physical operations and regular auditing of distribution reports. Those utilizing donor-advised funds should consult with their legal counsel to ensure their chosen administrators maintain appropriate oversight.
The takeaway
The case serves as a reminder to verify the administrative track record of any entity holding significant philanthropic assets. Operators should prioritize entities that provide transparent, third-party audited statements of account distributions.
Further reading
For more on how organizations manage charitable giving, explore the Philanthropy section.
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