Bank of America lies to shareholder about extent of Planned Parenthood donations
April 26, 2019 (LifeSiteNews) – Bank of America (BOA) is facing new scrutiny after a conservative shareholder released the audio of him confronting executives about their support for Planned Parenthood.
On Wednesday, the National Center for Public Policy Research released the audio of its general counsel Justin Danhof, who is also a BOA shareholder, pressing BOA’s CEO Brian Moynihan on documentation indicating that the company contributes to the abortion giant.
“Bank of America is one of 38 companies that contributes funds to Planned Parenthood,” he said. “Gallup polling indicates that, when it comes to abortion, Americans are equally divided on the subject. And let’s not forget the racial elements at play. Planned Parenthood was founded by noted racist Margaret Sanger who wrote, ‘[w]e do not want word to go out that we want to exterminate the [N-word] population.’”
Danhof pressed Moynihan on whether BOA’s support for Planned Parenthood goes beyond matching employee contributions, and on the moral implications of associating with the abortion giant.
“What do you have to say to the many millions of pro-life Americans who are deeply offended by your funding – many of whom are potential Bank of America customers, employees and investors?” he asked. “Finally, what do you have to say to the minority communities who have been insidiously targeted by Planned Parenthood?”
Moynihan referred Danhof to BOA’s Andrew Plepler, who Danhof says “gave me a canned answer that repeated the half-truth about donating to Planned Parenthood via the company’s matching gift program.”
“When I tried to interject that this wasn’t true – and indicated that I had evidence of Bank of America’s direct funding for Planned Parenthood, company officials cut me off,” he said. “When I interjected that Plepler was lying, Moynihan angrily bellowed that he was telling the truth. Clearly, it’s Moynihan who has an issue with the truth.”
On its website, the pro-life charity watchdog 2ndVote has published multiple documents detailing BOA and Planned Parenthood’s relationship, including a letter claiming the former “does not make any direct grants” to the latter and documents showing otherwise. Archived websites list BOA as a “corporate sponsor” for Planned Parenthood of New York City’s centennial gala in May 2017, and a “bronze sponsor” of PP-NYC’s May 2018 “Spring Into Action” gala.
“IRS Form 990 filings by the Bank of America Charitable Foundation, show donations to multiple Planned Parenthood affiliates,” 2ndVote notes. “In 2017, the foundation distributed over $50,000 to these organizations.” These appear to be the matching donations BOA acknowledges.
“When I spoke with Mr. Plepler following the meeting, I showed him the evidence from 2ndVote, and he said he would try and verify what funding the bank has actually provided to Planned Parenthood in recent years,” Danhof said. “I take him at his word that the bank will work to correct the record and publicly admit that it doesn’t simply donate to Planned Parenthood through employee matching, but that Bank of America does indeed directly fund the largest abortion provider in the United States.”
Earlier this week, 2ndVote also expressed suspicions that the charity research service GuideStar may be burying BOA’s contributions to Planned Parenthood in its search results.
“When sorting by relevance, the Bank of America Charitable Foundation and its more than $50,000 in donations to Planned Parenthood, is the 221st result for GuideStar’s search function,” it writes. “Apparently, GuideStar’s algorithm finds the National Diaper Bank Network and 220 other non-profits to be more ‘relevant’ than Bank of America’s own foundation when searching for ‘bank of america.’”