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Madoff fallout drains funding of abortion advocacy groups
![]() Bernard Madoff
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.- Fallout from the exposure of investment manager Bernard Madoff’s massive $50 billion Ponzi scheme threw many individuals and charities into financial distress. The fraud has also deprived funding from several pro-abortion rights groups and projects. The Florida-based Picower Foundation, listed as the 71st-largest in the nation by the Council on Foundations, claimed assets of $1 billion, the New York Times reports. It was forced to close in December due to financial problems with its assets, which were managed by Madoff. Reportedly distributing about $70 million in grants between 2004 and 2007, the Picower Foundation describes its national grant making as covering areas of “education, medical innovation and an equitable and inclusive society.” The non-profit networking web site Idealist.org reports: “The Foundation’s efforts to achieve a more equitable and inclusive society consists of supporting projects in human rights, reproductive rights and Jewish continuity.” Slate.com blogger Nancy Goldstein on Wednesday reported that abortion advocacy groups are facing financial shortfalls because of the Picower Foundation’s collapse. “Picower was one of a handful of foundations willing to stick their necks out and significantly fund the three organizations that handle virtually all major reproductive rights-related litigation and legal advocacy in the United States,” the pro-abortion rights Goldstein wrote. “Now the Center for Reproductive Rights needs to make up a $600,000 shortage in 2009; Planned Parenthood is out $484,000; the ACLU's Reproductive Freedom Project is off $200,000.” Carlos Polo, director for Latin America at the Population Research Institute, has linked the Center for Reproductive Rights (CRR) to a strategy to force permissive abortion laws upon Latin America. Members of CRR have proposed using international litigation to “develop new standards for the protection of reproductive rights” and to force local authorities to ignore their country’s laws and introduce changes that would allow abortion and “reproductive health” services for teenagers. In November, former CRR lobbyist and New York lawyer Melody C. Barnes was appointed to become President-elect Barack Obama’s Director of the Domestic Policy Council. The ACLU’s Reproductive Freedom Project authored the 2002 report “Religious Refusals and Reproductive Rights.” Characterizing the expansion of Catholic hospitals as a “growth in the sectarian health system,” the report advocated restricting the ability of Catholic hospitals and other institutions to refuse to perform procedures they find objectionable, such as sterilizations or abortions. “The law should not permit an institution’s religious strictures to interfere with the public’s access to reproductive health care,” the report’s executive summary argued. Though granting that medical professionals should be allowed to opt-out of procedures to which they object, the ACLU’s Reproductive Freedom Project insisted that they must cooperate in giving “complete and accurate information” and in making “appropriate referrals.” “We reject the imposition of religious doctrines on those who do not share them, especially at the expense of the public health,” the report said, arguing that concerns for individual religious belief and institutional religious worship should be “balanced” with protections for “reproductive health,” patient autonomy, and “gender equality.” Recently, the Reproductive Freedom Project has advocated limiting the ability of pharmacists to refuse to dispense contraceptives. It also has attacked new U.S. Department of Health and Human Services rules reinforcing medical professionals’ and medical institutions’ conscience protection guarantees provided by federal law. Subscriber comments:
Published by: Richard A
Lansing, MI 03/13/2009 07:09 AM EST
'ACLU’s Reproductive Freedom Project insisted that they (religiously based health care instituitions) must cooperate in giving “complete and accurate information”'.
Hmmm ... did they ever insist that abortion clinics "cooperate in giving complete and accurate information?"
Published by: David
Oakton VA 02/15/2009 03:55 PM EST
No one will ever convince me that low level bureaucrats in the SEC failed to investigate Madoff because of their incompetence.
It was because powerful voices in Congress, who were on Madoff's crony and donor list, pressured the SEC not to investigate Markopolos's complaints. That's how the real world of Washington regulation works (or fails to).
Published by: Dennis
USA 01/14/2009 11:38 PM EST
What is sad is that the organizations getting the donations will now ask the taxpayer to bail them out. Individual have choices in in deciding which charity to donate to, taxpayers don't.
Published by: gerry
ebenezer, ont. canada 01/13/2009 11:43 AM EST
Greed once again has come home to roost!
Published by: Fred
Chicago 01/12/2009 07:08 PM EST
All recipient charities of Mr. Madoff "charity" in fact received stolen goods and must make restitution. It will be interesting to see whether the government, or the attorney's for the visctims, will sue these institutions.
Published by: patsy
ridgewood nj 01/12/2009 01:06 PM EST
God writes straight with crooked lines. I hope all of the abortion mills had invested there blood with that man.3
Published by: Peter Gallagher
Australia 01/11/2009 06:57 AM EST
Who said the devil looks after his own? Madoff's crime will never be justified even by the life of a child, but it will be mitigated.
Published by: Dr.Zoraida Cornejo
Mt. Prospect, IL 01/10/2009 10:45 PM EST
Wonderful news, some good coming of this terrible wrong done by Madoff.
Published by: Barbara
Idaho USA 01/10/2009 12:39 PM EST
A silver lining in a dark cloud. The murders don't work for free. PP does not care about choice they care about the money. How many babies will live for the lack of funds?
Published by: Stephen Stanley
Santa Maria, Ca. 01/10/2009 12:33 PM EST
If our priority is "worldly" then our reward will be worldly. In this case, (Madoff), I am glad the investors inadvertantly helped to undercut the anti-life movement by thier obvious need for greed.
Published by: Mary L Jeffries
Orange, California 01/10/2009 05:55 AM EST
I am bursting with joy! Talk about bad news and good news. We are winning. My prayer this day is Gratitude for this blessing.
Published by: Anita
Florida,USA 01/09/2009 11:42 PM EST
God brings good, out of every evil that is perpetrated by man.
Published by: Tony
Yonkers NY YSA 01/09/2009 08:15 PM EST
Oh, how sad that the pro-death crowd lost money. I'm crying a river of tears...NOT! The pro-aborts have perpetrated a great deception on people about the humanity of the unborn and the horrible effects of abortion...how can I be sad that they are now victims of a great deception. I guess what goes around comes around!! Thank you Lord of Life!
Published by: MAJRDAD
Los Angeles/CA/USA 01/09/2009 06:07 PM EST
Well, we Catholics "reject the imposition of satanic doctrines on those who do not share them, especially at the expense of spiritual health".
Published by: pat becker
londonderry,nh usa 01/09/2009 05:10 PM EST
although many people suffered from this "man's" dishonesty,
limiting funds from abortion is a "bright star" in this saga.
Published by: Ken
Longmont, CO, USA 01/09/2009 02:32 PM EST
Madoff fallout drains funding of abortion advocacy groups........The Lord certainly does work in mysterious ways!!
Published by: Bill
Saratoga Springs/NY/USA 01/09/2009 09:59 AM EST
Planned Parenthood and ACLU lost money from Bernie's scheme? Oh! my heart is broken. (Every cloud has its silver lining.)
Published by: L.
warwick, ri, usa 01/09/2009 09:36 AM EST
There is some good to his crimes after all: shortfalls so abortion groups lose money! God is alive and well! Praise be!
Published by: Leviticus
Nigeria 01/09/2009 06:47 AM EST
Those who do evil always fail.
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