Planned Parenthood cuts staff after Madoff scandal causes funding loss
Bernard Madoff
Bernard Madoff
Facebook Twitter Google+ Pinterest Addthis

.- Suffering declines in funding caused by the economic crisis and the Madoff scandal, Planned Parenthood Federation of America is laying off around 20 percent of its staff.

About 30 people were laid off early last week, Crain’s New York Business reports.

“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,” Maryana Iskander, the organization’s chief operating officer, said in a statement. “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.”

A significant portion of the organization’s funding came from the Florida-based Picower Foundation, listed as the 71st-largest in the nation by the Council on Foundations.

The Picower Foundation was one of the few major funders of pro-abortion groups. According to Crain’s New York Business, it gave $484,000 to Planned Parenthood, $600,000 to the Center for Reproductive Rights, and $200,000 to the ACLU's Reproductive Freedom Project last year.

The foundation claimed assets of $1 billion and has distributed more than $70 million in grants between 2004 and 2007 in support of its stated mission to advance “education, medical innovation and an equitable and inclusive society.”

“The Foundation’s efforts to achieve a more equitable and inclusive society consists of supporting projects in human rights, reproductive rights and Jewish continuity,” the non-profit networking web site Idealist.org reports.

The Picower Foundation was forced to close in December due to financial problems with its assets, which were managed by Bernard Madoff.

Last December Madoff’s investments were exposed to be a massive $50 billion Ponzi scheme.

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages


Ads by Google (What's this?)
Ads by Google

Featured Videos

Cardinal Luis Tagle to Pope Francis
Cardinal Luis Tagle to Pope Francis
Pope Francis in the Philippines: Manila Welcomes the Pope
Pope Francis in Sri Lanka: Highlights
Pope Francis in Sri Lanka: Interview with Cardinal Ranjith
Pope Francis in SriLanka: Inter-religious Faith Meeting
Little Sisters of the Poor press conference in Denver
Family thrilled to see Pope Francis in Istanbul
Syrian Refugee, Sara, 14, Before Meeting Pope
Ebola orphans thousands of children in West Africa
One year after Haiyan: Philippines rebuilds homes, lives
An Indian contribution to the Vatican's Synod on the Family
Christ Cathedral CNA video Sept 2014
Alejandro Bermudez of CNA accepts ice bucket challenge
'The Real Albania,' remembering those who fled
Pope Francis in Albania, "one of the most important visits of the post-communist era in Albania"
Pope Francis greets paralyzed man who risked all to see him
Franciscans on the banks of the Tiber in Rome, working for the New Evangelization
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day

Liturgical Calendar

January 26, 2015

Memorial of Saints Timothy and Titus, Bishops

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mk 3:22-30


Daily Readings

Saint of the Day

St. Romuald »


Homily of the Day

Mk 3:22-30