Published on Aug 23, 2015
— Obama Seeks $1 Billion for Library, Post Presidency
President Barack Obama’s post-presidency plans come with a hefty price tag that could exceed $1 billion, The New York Times is reporting.
Advisers mapping out life after the White House for the president and first lady Michelle Obama are preparing fundraising strategies to raise at least $800 million for the Obama Library and foundation.
That number, according to The Times, is the minimum for an Obama endowment.
money has been donated — about $5.4 million.
Among the largest donors were Chicago publisher Fred Eychaner, who gave $1 million, followed by Chicago hedge fund operator Michael Sacks and his wife, Cari, who gave $666,666.
And the Obamas held a dinner at the White House recently for potential donors, though donations were not actively solicited.
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