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January 12, 2009, 02:17 PM ET
Planned Parenthood Lays Off Staff Members
The Planned Parenthood Federation of America, which was indirectly hurt by the Madoff investment scandal, is laying off about 20 percent of its staff members, according to Crain’s New York Business.
“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,” said Maryana Iskander, chief operating officer at the agency.
Planned Parenthood’s financing was hurt when the Picower Foundation closed. The foundation, which finances reproductive-rights issues, had its assets managed by Bernard Madoff.
To read more about the effects on charities from the Madoff scam, see this article from the latest issue of The Chronicle.
(A paid subscription or short-term pass is required to view the Chronicle article.)
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