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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy doesn't the Komen Foundation sever ties with Bank of America?
Why doesn't the Komen Foundation sever ties with Bank of America?
by Georgia Logothetis
The Komen Foundation's public rationale for defunding lifesaving services at Planned Parenthood clinics throughout the country "is that Planned Parenthood is under investigation in Congressa probe launched by a conservative Republican who was urged to act by anti-abortion groups."
According to Komen's spokesperson, the charity's new policy bars grants to organizations that are under such investigations. Specifically, Komen has decided to sever financial ties if a grant applicant or any of its affiliates is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud."
When the money flows out of Komen to clinics to pay for mammograms and other screenings, Komen has decided to rely on the existence of an "investigation" meritorious or not, politically motivated or not to justify its defunding.
With respect to the money flowing in to Komen?
That's a whole other story.
Take, for example, Bank of America, a Komen "corporate partner":
Yes, that's the same Bank of America that is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud." Here's a sampling of what Bank of America is facing:
- more -
http://www.dailykos.com/story/2012/02/01/1060848/-Why-doesnt-the-Komen-Foundation-sever-ties-with-Bank-of-America
by Georgia Logothetis
The Komen Foundation's public rationale for defunding lifesaving services at Planned Parenthood clinics throughout the country "is that Planned Parenthood is under investigation in Congressa probe launched by a conservative Republican who was urged to act by anti-abortion groups."
According to Komen's spokesperson, the charity's new policy bars grants to organizations that are under such investigations. Specifically, Komen has decided to sever financial ties if a grant applicant or any of its affiliates is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud."
When the money flows out of Komen to clinics to pay for mammograms and other screenings, Komen has decided to rely on the existence of an "investigation" meritorious or not, politically motivated or not to justify its defunding.
With respect to the money flowing in to Komen?
That's a whole other story.
Take, for example, Bank of America, a Komen "corporate partner":
Bank of America and Susan G. Komen are proud to have partnered to bring an end to breast cancer. Like the millions of mothers, daughters, families and friends who have been affected by this disease, we want to work together to put an end to this disease. From February 2012 to May 2015, Bank of America is guaranteeing a minimum of $1,000,000 to Susan G. Komen in conjunction with its Pink Ribbon Banking products. Since 2009, Bank of America has contributed more than $2.7 million to Susan G. Komen in conjunction with this program.
Yes, that's the same Bank of America that is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud." Here's a sampling of what Bank of America is facing:
- more -
http://www.dailykos.com/story/2012/02/01/1060848/-Why-doesnt-the-Komen-Foundation-sever-ties-with-Bank-of-America
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Why doesn't the Komen Foundation sever ties with Bank of America? (Original Post)
ProSense
Feb 2012
OP
baldguy
(36,649 posts)1. Maybe Congess should investigate them.
rocktivity
(44,576 posts)2. If we stop donating to them
BOA will sever their ties soon enough.
rocktivity