Posted on 08/19/2021 4:44:49 PM PDT by simpson96
The Obama Foundation has released documents that detail the latest and most comprehensive price tag yet on the upcoming presidential center in Chicago’s Jackson Park: $830 million.
The amount will go in three buckets: the $700 million cost of construction, which officially kicked off Monday and is expected to take four years; $90 million for preparing artifacts, exhibits and the center’s opening; and $40 million in the first year of operating costs, according to an annual report and tax return for 2020 released this week.
Previously, the bricks-and-mortar costs were estimated to be $500 million and before that, more than $300 million.
By the end of last year, the foundation had about $561 million in net assets, up from 2019′s total of $430 million, according to the 990 tax form. The nonprofit also raised $171 million in donations last year, adding up to a total $720 million in gifts the foundation has collected since 2016. About 58% of 2020′s haul came from other nonprofits or corporations, the rest from individuals.
On the expense side, the tax form details that the foundation spent $41 million last year, down from 2019′s $55 million total. The highest-paid officials were CEO David Simas, who made $608,066 in 2020; Executive Director Robbin Cohen, whose salary was $551,913; and then-foundation President Adewale Adeyemo, at $546,477.
(Excerpt) Read more at chicagotribune.com ...
The Obama Bunker
Don't doubt me on this.
How much of that is earmarked for his birth certificate?
Perfect place to dump all of our Islamic refugees.
Whoever put the choom-gang punk in office and propped him up, has to finish the job by creating a historical cult of personality
Maybe we could have a go-fund me page to build it in Kenya.
It’ll be a Marxist indoctrination center, as well as a center of racial hatred.
That’s a lot of money for a little mud hut.
The Kenyan from Indonesia doesn’t even deserve an out house.
Tell me Obama still isn’t in charge... Obama and his witch, Valery Jarett are running the show. People love him so much they donated millions of dollars for his monument for himself? Yeah. Sure.
I wonder if they will display the masks from the Obama Birthday bash. Oh wait.
The highest-paid officials were CEO David Simas, who made $608,066 in 2020; Executive Director Robbin Cohen, whose salary was $551,913; and then-foundation President Adewale Adeyemo, at $546,477.
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What the heck are they doing for that kind of money?
Pshyaaaa
He’s a drama queen
Like a bad girlfriend your friend has. An age old problem.hes going to cost you and everyone in the bacon it’s so much money it will break you
Presidential Center / Madrassas
This is the Reggie Love wing
...and hear we have Rev. Wright wing, press here to hear his most famous quotes
This is the “you didn’t build that” wing and here we see Obama tell an LEO he “acted” stupidly.
Oh, and don’t miss the flag burning room.
Or the Larry Sinclair’s Golden SCHLONG likeness and very used coke mirror artifacts!
Birth Certificate not mentioning Kenya....
His first one was $100 from a guy in a raincoat with a little shop off of Times Square. Looked authentic enough to fool the media. But the media are already fools.
And “$90 million for preparing artifacts....”
That’s more than for preservation of saints’ relics on display.
Uh, oh. I'm getting triggered. Where is my safe space?
Years ago Obama and company pissed off more than a hundred million of Chicago Annenburg Challenge Grant sway meant to help education in Chicago and achieved bupkis.
Now he’s gonna piss off nearly eight times as much on a moneyument to his glory.
Those lucky, lucky Chicagoans.
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