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.