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Monday, September 29, 2014

Warren Buffet Spends Multi-Millions Funding Abortion Mills

IRS tax-exempt foundations make it all possible.

by Steven Ertelt | Washington, DC |via | 3/5/14

Warren Buffet is one on the top five wealthiest people in the world — with a net worth of tens of billions of dollars that puts him on par with the economies of some smaller nations.

Buffet is no stranger to promoting abortion and population control and now a new article at National Review documents how Buffet is putting his vast fortune behind paying for abortions. National Review relies on the documents from Buffett’s charitable organization and abortion-providing groups.

The Buffett Foundation — renamed the Susan Thompson Buffett Foundation (STBF) in 2004 after Buffett’s wife’s death — exists as a medium for the investor’s charitable giving.The foundation is remarkably opaque — “a case study in non-transparency,” writes David Callahan for Inside Philanthropy. The foundation’s most recent IRS Form 990 is from 2011.

Nevertheless, it’s clear the foundation pours millions into pro-choice organizations, with a special focus on funding for abortions. In addition to funding general women’s health organizations and some political groups, Buffett gives generously to organizations that use their funds specifically to help women pay for abortions.

For instance, STBF gave more than $21 million in 2010 to the National Abortion Federation Hotline Fund. That organization’s 990 says its mission is “to ensure that women have the information and resources they need to access quality abortion care.” It also “provides case management services to women with special needs and limited financial assistance to subsidize care for low-income women,” per its 990 from 2012 (the latest year accessible).

In 2012, the NAF Hotline’s annual revenue was a little more than $26 million, per GuideStar. In other words, Buffett’s foundation made a donation almost the size of an entire year’s revenue to one of the country’s more prominent national abortion funds.

The Buffett Foundation’s 990 for 2012 wasn’t available. But in 2011, it gave or pledged more than $40 million to Planned Parenthood, which provides abortions as part of its range of services. It gave more than $1 million to the Abortion Access Project and many other pro-abortion groups.

LifeNews previously chronicled Buffet’s appetite for funding the abortion industry:

Buffett supported the most radical aspects of the population control movement such as providing $2 million to fund clinical trials of Mifepristone (RU-486) — the dangerous abortion drug that has killed more than a dozen women worldwide.

Buffett also provided $2 million to Family Health International for the distribution of quinacrine hydrochloride, a chemical that sterilizes a woman by burning her fallopian tubes.

Quinacrine is illegal in the U.S., but is used, often coercively, in Vietnam, India, and other nations.

In the late 1990s, Buffett committed to a $20 million grant to International Projects Assistance Services (IPAS), which manufactures and distributes manual vacuum aspirators, used for performing abortions in impoverished countries.

Buffet had also made donations to Planned Parenthood in the name of Pampered Chef, a cooking sales program with a high participation from Christian women. After Berkshire Hathaway purchased Pampered Chef, it donated $11 million to pro-abortion organizations in 2002.

In making preparations for the dispersal of his fortune before his death, Buffet told Fortune magazine in June 2006 that he will leave about 80 percent of his estate to the Bill Gates foundation, which has donated millions of dollars to support abortion.

In total, Buffet will leave Gates about $37 billion. Those donations cause concern for pro-life advocates because the Gates Foundation has given the Planned Parenthood Federation of America abortion business almost $12.5 million since 1998, including funds to persuade teenagers to support abortion and to lobby the United Nations to advance pro-abortion proposals.

The Gates foundation has also given nearly $21 million to the International Planned Parenthood abortion business over the last seven years. The funds have gone to promote abortions in third-world nations and to set up pro-abortion family planning centers in South America, Africa and eastern European nations.