Posted on 02/19/2017 1:29:31 PM PST by John W
The Barack Obama Presidential Center in Chicago could require a $1.5 billion endowment, its architects say, three times what was raised for the George W. Bush Presidential Center in Dallas.
Husband-and-wife architectural team Tod Williams and Billie Tsien noted that it will be difficult to raise such a huge sum because Obama scrupulously declined to do much fund-raising while he was still in office.
The Obama Center is due to be so expensive because it will require the construction of both a presidential library and a museum about the lives of Barack and Michelle Obama. And federal requirements now stipulate that former presidents must have larger endowments to pay for annual operating costs at the libraries.
(Excerpt) Read more at pagesix.com ...
Enough of this crap. Trump needs to tell the American people who this “Obama” guy really is.
The new Yankee Stadium cost $2.3 billion. Do you mean to tell me that Obama’s library will need 2/3 of that??
80%-—the writings of Bill Ayers and Saul Alinsky
10%-—diet tips and other nonsense from Moochelle
5%-—golf tips from Barry
5%-—family vacation photos and Hotel receipts.
I suspect this is an attempt to run a political operation out of a non-profit.
I would like to see a breakdown of that figure between physical plant and salaries.
If you are not averse to buying in bulk at Costco, you can get A LOT of toilet paper for $1.5 Bill.
HAH.
Obama invites donors to the White House
Chicago Sun-Times ^ | 5/19/16 | Lynn Sweet / FR posted by Nachum
WASHINGTON — A new study details how President Barack Obama has been inviting his Obama Foundation donors to events at the White House, a venue that obviously won’t be available to him to entertain mega contributors in a few months. The Obama Foundation, created on Jan. 31, 2014, has to date only 39 contributors, with the money coming either from individuals or foundations controlled by Obama supporters.
The nonprofit, nonpartisan oversight Maplight Foundation found that 15 of the 39 have been to the White House for small meetings or events, fewer than 30 attendees, including everyone connected to a contribution of more than $100,000.
Most of the donors have been longtime political supporters and friends — or at least acquaintances of Obama — and have been in and out of the White House for years.
However, Maplight found that at an intimate White House dinner in January 2015 with actress Julia Roberts, the guests included two couples who had recently made jumbo contributions to the Chicago-based foundation.
And as 2015 progressed, one of the couples at the dinner kicked in even more, the foundation IRS report released last Friday reveals.
Among those at the January 2015 dinner were Mark Gallogly, the managing partner of Centerbridge Partners, an investment firm, and his wife, Lise Strickler. At that point, the New York couple had donated $340,000 to the foundation.
By the end of 2015, they put in an additional $330,000 for a total of $670,000. I checked to see what else was new: Gallogly and Strickler were invited to the State Dinner the Obamas hosted in March for Canadian Prime Minister Justin Trudeau.
In 2014, Tom Campion, owner of the Zumiez clothing chain and his wife, Sonya, gave the foundation $500,000. The Seattle couple found themselves at the Julia Roberts dinner along with folks who have also been longtime Obama backers. Another guest that evening was one of Obama’s favorite authors, Marilynne Summers Robinson.
The White House has said — and underscored this again on Wednesday at the daily briefing when asked about the Maplight report — that the Obamas are not fundraising for the foundation while in office. Well, no one is selling tickets to anything, that’s accurate. That’s not how fundraising at the mega level is done.
Obama will have to raise hundreds of millions of dollars to construct and endow his Obama Presidential Center on Chicago’s South Side. Fundraising at the elite donor level is an art, a nuanced dance, especially for an institution that will exist in perpetuity.
Small dinners are not put on Obama’s daily guidance and schedule. On April 2, 2016, the White House volunteered that Obama and first lady Michelle hosted their first White House event for supporters of the Obama Foundation. That dinner was not a fundraiser, the White House said.
White House Press Secretary Josh Earnest said: “What we have said about donors to the campaign also applies to donors at the foundation, and it’s simply this: Donating in support of the President’s foundation does not guarantee you a meeting with the President of the United States. It also doesn’t prevent you from getting a meeting with the President of the United States, and that’s the approach that we’ve taken, again, with regard to supporters of the President’s campaign, and it’s the approach that we’ve taken with regard to supporters of the President’s foundation.”
A lot of this is prospecting for the future.....M/M have Big plans to get-rich-quick ala the Clintons.
http://chicago.suntimes.com/news/sweet-inside-look-obama-foundation-fundraising/
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The Obamas are getting fund-raising tips from the Clintons.
EXCERPTED---In recent months, Clinton Foundation director, Donna Shalala, said foundation officials have offered advice for former President Obama and his wife, Michelle, on their own foundation, which will focus on national and international community building programs.
“They called and asked some questions,” Ms. Shalala said.
QUOTE SOURCE https://www.nytimes.com/2017/02/02/us/hillary-bill-clinton-foundation.html
The grifter can get it from his string puller soros, chump change to him.
How much of a library do you need in order to store golf scorecards?
Easy. Just ask Iran.
This is very interesting. Do we know if the Obama Foundation is founded in Canada where the Clinton Foundation enjoys tax avoidance and anonymity of sponsors?
This is very interesting. Do we know if the Obama Foundation is founded in Canada where the Clinton Foundation enjoys tax avoidance and anonymity of sponsors?
Really doesn't matter. No matter what Obama does, it will be a dump filled with trash.
The Obama Mosque will be larger than Mecca.
Go ask Clinton-—he spent a lot of time there-—dodging the draft——and knows all about secrecy Canada’s laws.
On of the several Clinton “charities”——the do-good Clinton/Giustra Foundation Initiative-—— is based in Canada......keeps everything secret.
Maybe he can get a loan from Iran.
Hey! That’s a Hometown Wisconsin Boy you’re mocking, there! Outside of Vince Lombardi and Lawrence Welk, we don’t have all that many Celebrities to claim, LOL!
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