Planned Parenthood cuts staff after Madoff scandal causes funding loss
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Bernard Madoff

, Jan 13, 2009 / 10:10 pm (CNA).- 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.

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Subscriber comments:
Published by: Ed Mullen
Halifax, NS Canada 01/21/2009 08:49 PM EST
The collapse of Madoff's fund stripped capital from investors risking more for higher than average returns. Planned Parenthood pretends to be beneficial to society, while eating 50 million American children. These evil, predatory businesses belong in the same grave.
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Published by: Pam
Longmont, CO, USA 01/14/2009 01:39 PM EST
The Lord truly does work in mysterious ways. In all of our government induced economic woes how ironic that Madoff's actions would strike a blow against Planned Parenthood one of the primary supporters of The New American Holocaust.
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Published by: Marisa
Dallas, TX 01/14/2009 12:37 PM EST
Thanks for the good news!
While, we certainly don't like to take joy in the fact that 30 families will be without a provider, we should take a minute to rejoice over small victories like this reduction in funding to Planned Parenthood and other anti-life organizations.
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Published by: silvername
Makati NCR Philippines 01/14/2009 07:43 AM EST
something good came out of the great evil of madoff, God truly can draw straight from crooked lines.
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