For Immediate Release
April 24, 2019
Nashville, TN – New research from 2ndVote, the conservative watchdog for corporate activism, shows Bank of America’s financial support for Planned Parenthood runs deeper than matching employee gift program.
“Bank of America has portrayed to customers and investors that its financial support for Planned Parenthood is limited to matched gifts through its charitable foundation,” said 2ndVote Executive Director Robert Kuykendall. “However, our research has uncovered Bank of America sponsorships of posh fundraising galas in New York benefitting Planned Parenthood’s abortion business.”
Archived webpages released by 2ndVote show Bank of America listed as a corporate sponsor for Planned Parenthood’s May 2, 2017 centennial celebration and May 1, 2018 “Spring Into Action Gala.”
Shareholders from the National Center for Public Policy Research Center’s Free Enterprise Project attended Wednesday’s annual meeting and pressed corporate leadership to clarify the company’s support for Planned Parenthood.
“It appears Bank of America has been content to pass the buck and blame employees, rather admit the company directly helps advance Planned Parenthood’s abortion agenda,” continued Kuykendall. “Incredibly, this is happening in a state where Planned Parenthood activists have successfully pushed for legislation allowing abortion up until the moment of birth.”
An apparent letter from the Bank of America Charitable Foundation President to a customer says, “Bank of America does not make any direct grants to Planned Parenthood. As you may know, the Bank of America Charitable Foundation has a Matching Gifts program which matches our employees’ charitable contributions to government recognized 501(c)3 organizations.”
“First, we’re calling on Bank of America to end all financial support for Planned Parenthood. Secondly, the company should be accountable to its shareholders and customers,” Kuykendall concluded. “Every child who loses his or her life in a Planned Parenthood clinic, Bank of America loses a potential account holder. Investors and account holders deserve to know if the company is using their investments and corporate profits to directly fund abortion.”
Additional information and documentation can be found at 2ndvote.com/bankofamerica.
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2ndVote is the conservative watchdog for corporate activism. 2ndVote conducts extensive research on the policy positions taken by companies and non-profits through direct advocacy and financial support. Follow 2ndVote on Twitter @2ndvote and on Facebook at facebook.com/2ndvote.