Donors Capital Fund is a 501 nonprofit organization established in 1999. According to the organization, it was "formed to safeguard the charitable intent of donors who are dedicated to the ideals of limited government, personal responsibility, and free enterprise." Donors Capital Fund assures contributors that their donations will only support "a class of public charities firmly committed to liberty." Grants from Donors Capital Fund are based on the preferences of the original contributor. Donors Capital Fund is associated with Donors Trust. Donors Trust refers clients to Donors Capital Fund if the client plans to maintain a balance of 1 million or more.
According to The Guardian, Donors Trust and Donors Capital Fund distributed nearly 120 million to more than 100 groups skeptical of global warming between 2002 and 2010. According to a 2013 analysis by Drexel Universityenvironmental sociologistRobert Brulle, Donors Trust and Donors Capital Fund combined were the largest funders of what he calls "the climate change countermovement" in the US between 2003 and 2013. Brulle estimated that by 2009, approximately one-quarter of the funding of the "climate countermovement" came from Donors Trust and Donors Capital Fund. In 2008, Donors Capital Fund granted 17.7 million to the Clarion Fund, now the Clarion Project, a nonprofit organization which "educates the U.S. public about the dangers of Islamic extremism". Donors Capital Fund is known to be a top funder of Islamophobicthink tanks and networks such as Clarion Project, Middle East Forum, David Horowitz Freedom Center, Center for Security Policy, and Investigative Project on Terrorism. Donors Capital Fund granted 192,000 to the Alaska Policy Forum in the organization's first two years, 2009 and 2010. APF is free-market think tank and a member of the State Policy Network of conservative and libertarian think tanks which focus on state-level policy. The grants from Donors Capital Fund were most of the funds raised by APF in that period. In 2010, Donors Capital Fund granted 1.75 million to SPN, 2 million to Donors Trust, 2.5 million to the American Enterprise Institute, 2 million to Citizens Against Government Waste, 1.7 million to The Heartland Institute, and over 206 other grantees.