January 12, 2009
Layoffs hit Planned Parenthood
There's an unexpected upside to the Madoff scandal. Life News reports that one of the foundations affected by investments with Madoff was the Florida-based Picower Foundation, a heavy supporter of Planned Parenthood and other abortion groups.
The Florida-based Picower Foundation, which gave substantial donations to the abortion business, shut down in December because Bernard Madoff had mismanaged its assets. The foundation was worth $1 billion and 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. 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.
Reportedly, Planned Parenthood's national organization ahs laid off 30 people, or 20% of its staff. Additionally,
Planned Parenthood of Minnesota, North Dakota and South Dakota said in December that hard economic times forced it to lay off 10 employees covering nine and a half positions including its South Dakota director.
Tough times for left wing charities are good for babies' health.