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The Upside of Madoff

The Madoff financial scandal has caused a number of "reproductive rights" organizations to take a bad financial hit. I found this on Mark Shea and he says succinctly, "Golly My Heart Just Bleeds." The Salon piece which mentions this takes the point of view that this is a tragedy for women. Here it is:

For all the ink that's been spilled on the Madoff investment scandal, I've read nothing about its impact on funding for progressive women's causes -- which is considerable. Simply put, only a small pool of foundations are funding litigation and advocacy work related to criminal justice or constitutional rights; the pool that supports related programs targeted to women is smaller still. With the recent shuttering of two of Madoff's clients, the Picower Foundation and the JEHT Foundation, that pool has shrunk to a puddle.

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. 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.
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