Planned Parenthood of Minnesota North, South Dakota Makes Record Abortion Profit
by Steven Ertelt
LifeNews.com Editor
November 17, 2009
St. Paul, MN (LifeNews.com) — A new annual report issued from Planned Parenthood of Minnesota, North Dakota, and South Dakota shows the abortion business turned a record profit in 2008. Total revenues from 2007 to 2008 rose nearly 11 percent as Planned Parenthood raked in almost $3 million more.
Looking at the new annual report, total revenues rose 10.8% from $24,660,000 in 2007 to $27,328,000 in 2008.
Total revenues from government funds increased 21% from $4,350,000 to $5,268,000, the largest annual dollar amount to date, and donations from pro-abortion activists climbed 66.7 % from $5,955,000 to $9,924,000.
While government and individuals’ contributions increased enormously, Planned Parenthood suffered an investment loss on its vast reserves of cash as its investment portfolio lost $3,429,000.
Scott Fischbach, executive director of Minnesota Citizens Concerned for Life, told LifeNews.com today that he is dismayed by the numbers.
“The money that Planned Parenthood is making is enormous," he said. "One can easily see why Planned Parenthood wants abortions covered in all health care reform—it means huge amounts of money for their pockets."
The report indicates the Planned Parenthood abortion business now operates 25 centers in Minnesota that either do abortions surgically, with the dangerous mifepristone abortion drug, or refer women to their abortion centers.
The 2008 report acknowledges that Planned Parenthood killed 4,792 unborn children in abortions.
“While many people and families are suffering in this tough economy, Planned Parenthood is raking in millions of dollars from the government, from donors and from the sale of abortions performed on women in crisis. It is truly tragic,” concluded Fischbach.
The report from the PPMNS affiliate comes after a spring report from the national Planned Parenthood abortion business showing an increase of five percent more abortions and increased taxpayer funding.
According to Planned Parenthood’s latest report, abortions increased to 305,310 abortions from 289,750 in 2006. That 5.3 percent increase came at a time when the Alan Guttmacher Institute, its former research arm, showed abortions were at near-historic lows.
The annual report showed more government funding heading to the abortion business even if the taxpayer funds did not directly pay for abortions.
The total government grants and contracts received by PPFA affiliates from government sources including state, local and federal governments, increased from $337 million to $350 million.
Sign Up for Free Pro-Life News From LifeNews.com
Daily Pro-Life News Report Twice-Weekly Pro-Life
News Report Receive a free daily email report from LifeNews.com with the latest pro-life news stories on abortion, euthanasia and stem cell research. Sign up here. Receive a free twice-weekly email report with the latest pro-life news headlines on abortion, euthanasia and stem cell research. Sign up here.
