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By and
We have been fighting the construction of the Obama Presidential Center in Chicago’s historic Jackson Park for the past four years. The center, which is scheduled to open in February 2025, is being built in a dangerous place. The water table is high enough to require constant drainage—a peril that will be compounded by major storms off Lake Michigan. An award-winning alternative design on private land west of nearby Washington Park would be less costly and safer to build and would provide far better access to the South Side community that is the center’s target audience.
The Obama Foundation just released its annual report and 990 tax forms for 2021. Together they show that the Obama Presidential Center’s financial foundations are as rickety as its physical ones. The Foundation’s 2020 annual report exhibited some financial candor, estimating that $300 million in annual donations for four straight years would be necessary to meet all future construction and operating costs. The 2021 return revealed that the foundation had raised only $159 million, about 8% less than it raised in 2020. Those dollars must pay for all foundation activities, including payroll, fundraising, public relations, and scholarship and grant programs.
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