Tags: madoff | funding | abortion

Madoff Scandal Rocks Pro-Abortion Groups

Monday, 12 Jan 2009 08:33 PM

Pro-life groups found a silver lining in the bleak aftermath of the Madoff scandal Monday after learning that Planned Parenthood and other abortion rights groups were cutting projects and laying off staff after losing millions with the tarnished New York investment guru.

Planned Parenthood is laying off about 20 percent of its staff, according to Crain’s New York Business.com.

“As with many other nonprofit organizations, Planned Parenthood has had to make staff reductions at our headquarters due to the challenging economic times facing our country,” said Maryana Iskander, chief operating officer at the agency, told Crain’s.

“While taking this action is never easy, we want to ensure the millions of women and men who rely on Planned Parenthood as a health care provider that the reductions will not impact our ability to deliver care to those in need.”

The Florida-based Picower Foundation, which gave substantial donations to the abortion business, shut down in December because Bernard Madoff had mismanaged its assets, according to Lifenews.com, a pro-life Web site. The foundation was worth $1 billion and is one of the top financial backers of pro-abortion groups.

The charity has given away more than $189 million since 1999 and a sizable chunk of the money went to abortion advocates, including $3.2 million to NARAL, $2.5 million for the Center for Reproductive Rights, $2.4 million for Planned Parenthood, and $625,000 for the Center for Reproductive Law and Policy, according to the American Spectator.

“The JEHT Foundation, which gave away $24 million last year to groups, including pro-abortion organizations, also announced in December that it would be shutting its doors,” Lifenews reported. JEHT gave $1.7 million to the ACLU and its foundation and $4.2 million to the Tides Foundation, which heavily funds pro-abortion groups.

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